Chic vs. Geek: It’s go time!

The deadline to file your 2021 federal income tax return is less than one week away on Monday, April 18th. Are you ready?

CHIC (PEARL)

Buying a home is a huge investment, but it also comes with tax benefits for the homeowner. Did you know? The IRS offers a number of deductions and credits to both first-time homebuyers and longtime owners, such as mortgage interest deductions and credits for renewable energy upgrades like solar panels. Check out this list of available opportunities compiled by Investopedia.

GEEK (KEVIN)

If you want to take advantage of tax breaks, you have to be prepared to itemize your return, which could involve hiring a professional accountant. So the first thing you want to do is make sure you’d get a much better deal itemizing rather than taking the standard deduction. If it doesn’t pencil out, why spend all that time and energy when you could be relaxing all weekend?