{"id":3956,"date":"2020-09-22T14:37:15","date_gmt":"2020-09-22T21:37:15","guid":{"rendered":"https:\/\/financegourmet.com\/blog\/?page_id=3956"},"modified":"2020-09-22T15:47:52","modified_gmt":"2020-09-22T22:47:52","slug":"tax-tips-tricks-advice","status":"publish","type":"page","link":"https:\/\/financegourmet.com\/blog\/tax-tips-tricks-advice\/","title":{"rendered":"Tax Tips Tricks and Advice"},"content":{"rendered":"\n<p>Time to move on everyone. New 2020 Tax Numbers have been released for many important income tax deductions, including the all important <a href=\"http:\/\/financegourmet.com\/blog\/taxes\/2010-tax-numbers-mileage\/\" class=\"rank-math-link\">2020 mileage deduction rate<\/a>. And, of course, the<a href=\"http:\/\/financegourmet.com\/blog\/2010-tax-tips-tricks-advice\/\" class=\"rank-math-link\"> best 2020 Tax Tips Tricks and Advice<\/a> is now available for <a href=\"http:\/\/financegourmet.com\/blog\/\">savvy personal finance<\/a> gurus looking to make the most of their finances by getting all of the <a rel=\"noreferrer noopener\" class=\"rank-math-link\" href=\"http:\/\/financegourmet.com\" target=\"_blank\">personal finance and investing information<\/a> they can find.<\/p>\n\n\n\n<p>Pay less taxes by using these last minute tax tips, tax tricks, and tax secrets to reduce your income, increase your deductions, get more credits, and lower your taxes. Paying the least amount of taxes possible is key personal finance knowledge and some of the best personal finance advice around.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">2020 Income Tax Tips Deductions<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"http:\/\/financegourmet.com\/blog\/taxes\/how-to-deduct-property-taxes\/\">How To Deduct Property Taxes<\/a><\/li><li><a href=\"http:\/\/financegourmet.com\/blog\/taxes\/section-179-dedcution-2009-limit-small-business-llc-sole\/\">Small Business Tax Deductions Section 179<\/a><\/li><li><a href=\"http:\/\/financegourmet.com\/blog\/taxes\/more-tax-deductions-llc-for-small-business-owners-sole-proprietorships\/\">Business Deductions for Entrepreneurs and High Income Taxpayers<\/a><\/li><li><a href=\"https:\/\/financegourmet.com\/blog\/taxes\/end-of-year-federal-income-tax-advice-tips-and-tricks\/\" class=\"rank-math-link\">2020 Tax Tips for End of Year<\/a><\/li><li><a href=\"http:\/\/financegourmet.com\/blog\/taxes\/end-of-year-tax-tips-deductions-deductible-income-taxes-charity\/\">Deductible Charitable Donations Clothing Personal Items and More<\/a><\/li><li><a href=\"http:\/\/financegourmet.com\/blog\/taxes\/e-file-2008-return-free-tax-tips\/\">File Your Taxes For Free<\/a><\/li><li><a href=\"http:\/\/financegourmet.com\/blog\/taxes\/save-money-on-taxes-trick\/\">Save Money On Tax Filing<\/a><\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">2020 Tax Numbers<\/h2>\n\n\n\n<p><strong>2020 Standard Deduction Amount<\/strong>: $24,800 Married Filing Joint, $12,400 For Single Filers<\/p>\n\n\n\n<p><strong>Maximum Earned Income Credit in 2020<\/strong>: $6,600<\/p>\n\n\n\n<p><strong>Maximum Income to Qualify for EIC in 2020<\/strong>: $50,954 &#8211; Joint Filers with More than 2 Children<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2020 Single Federal Income Tax Brackets (Returns Filed in 2021)<\/h3>\n\n\n\n<p>&lt; $9,875 = 10%<\/p>\n\n\n\n<p>$9,875 &#8211; $40,125 = 12%<\/p>\n\n\n\n<p>$40,125 &#8211; $85,525 = 22%<\/p>\n\n\n\n<p>$85,525 &#8211; $163,300 = 24%<\/p>\n\n\n\n<p>$163,300 &#8211; $207,350 = 32%<\/p>\n\n\n\n<p>&gt; $207,350 = 35%<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Married Filing Jointly 2020 Income Tax Brackets<\/h3>\n\n\n\n<p>&lt; $19,750 = 10%<\/p>\n\n\n\n<p>$19,750 &#8211; $80,250 = 12%<\/p>\n\n\n\n<p>$80,250 &#8211; $171,050 = 22%<\/p>\n\n\n\n<p>$171,050 &#8211; $326,600 = 24%<\/p>\n\n\n\n<p>$326,600 &#8211; $414,700 = 32%<\/p>\n\n\n\n<p>&gt; $414,700 = 35%<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Tax Forms and Official IRS Documents<\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/f1040sa.pdf\" class=\"rank-math-link\" rel=\"noopener\">2020 Schedule A Form 1040<\/a><\/li><li><a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/f1040.pdf\" class=\"rank-math-link\" rel=\"noopener\">2020 IRS Form 1040<\/a><\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"550\" height=\"367\" src=\"https:\/\/financegourmet.com\/blog\/wp-content\/uploads\/2020\/09\/tax-tricks-tips-advice-550x367.jpg\" alt=\"tax tricks tips and advice\" class=\"wp-image-3958\" title=\"\" srcset=\"https:\/\/financegourmet.com\/blog\/wp-content\/uploads\/2020\/09\/tax-tricks-tips-advice-550x367.jpg 550w, https:\/\/financegourmet.com\/blog\/wp-content\/uploads\/2020\/09\/tax-tricks-tips-advice-300x200.jpg 300w, https:\/\/financegourmet.com\/blog\/wp-content\/uploads\/2020\/09\/tax-tricks-tips-advice-768x512.jpg 768w, https:\/\/financegourmet.com\/blog\/wp-content\/uploads\/2020\/09\/tax-tricks-tips-advice.jpg 1280w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Time to move on everyone. New 2020 Tax Numbers have been released for many important income tax deductions, including the all important 2020 mileage deduction rate. And, of course, the best 2020 Tax Tips Tricks and Advice is now available for savvy personal finance gurus looking to make the most of their finances by getting all of the personal finance and investing information they can find. Pay less taxes by using these last minute tax tips, tax tricks, and tax secrets to reduce your income, increase your deductions, get more credits, and lower your taxes. Paying the least amount of taxes possible is key personal finance knowledge and some of the best personal finance advice around. 2020 Income Tax Tips Deductions How To Deduct Property Taxes Small Business Tax Deductions Section 179 Business Deductions for Entrepreneurs and High Income Taxpayers 2020 Tax Tips for End of Year Deductible Charitable Donations Clothing Personal Items and More File Your Taxes For Free Save Money On Tax Filing 2020 Tax Numbers 2020 Standard Deduction Amount: $24,800 Married Filing Joint, $12,400 For Single Filers Maximum Earned Income Credit in 2020: $6,600 Maximum Income to Qualify for EIC in 2020: $50,954 &#8211; Joint Filers with &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Tax Tips Tricks and Advice\" class=\"read-more button\" href=\"https:\/\/financegourmet.com\/blog\/tax-tips-tricks-advice\/#more-3956\" aria-label=\"Read more about Tax Tips Tricks and Advice\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":3958,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":{"0":"post-3956","1":"page","2":"type-page","3":"status-publish","4":"has-post-thumbnail","6":"no-featured-image-padding"},"_links":{"self":[{"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/pages\/3956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/comments?post=3956"}],"version-history":[{"count":0,"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/pages\/3956\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/media\/3958"}],"wp:attachment":[{"href":"https:\/\/financegourmet.com\/blog\/wp-json\/wp\/v2\/media?parent=3956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}