As the 2022 tax filing season begins, it is important to look back at what happened in 2021. The IRS and Congress were busy passing new legislation and providing guidance that will be relevant for preparing 2021 tax returns. With such a busy year, it can be hard to remember what happened in early 2021. The pandemic has impacted every person and business, and the economic repercussions of the pandemic, and pandemic relief, has been equally impactful.
This tax year-in-review includes: