Audit Red Flags: Don't Give the IRS a Reason to Check Your Tax Return

Plus: COVID-19 Home Test Kits and PPE are Tax Deductible [VIEW IN BROWSER]( [Kiplinger Special Report]( TIPS TO TRIM YOUR TAXES [21 IRS Audit Red Flags]( These actions and tax positions could increase your chances of the IRS selecting your return for audit. Plus: [Are You Paying Your Fair Share of Taxes?]( [READ MORE]( [COVID-19 Home Test Kits and PPE are Tax Deductible]( You can also pay for home testing kits and personal protective equipment with FSA and HSA funds. Plus: [Are You Taking Advantage of the Current ‘Tax Holiday’?]( [READ MORE]( SPONSORED CONTENT FROM LENDINGTREE [Lock in a 1.93% APR Refinance Rate Before The Fed Meets]( [These are Your 3 Financial Advisors in Your Area]( These rates won’t stay like this forever, so act now. Even if you’ve only been in your home for a few years, it’s worth at least looking into. Make lenders compete for your business! [READ MORE]( [The RMD Solution to the Hassle of Filing Estimated Taxes in Retirement]( If you don't need the money to live on, wait until December to take your RMD and ask the sponsor to withhold a big chunk for the IRS. Plus: [12 Questions Retirees Often Get Wrong About Taxes in Retirement]( [READ MORE]( [Child Tax Credit Payment Opt-Out Deadline is October 4]( The next deadline for opting out of the monthly child credit payments will be here soon. Use the IRS's Child Tax Credit Update Portal to unenroll. Plus: [How and When to Opt-Out of Monthly Child Tax Credit Payments]( [READ MORE]( [What Are the Income Tax Brackets for 2021 vs. 2020?]( There are seven different federal income tax brackets for your 2021 tax return – each with its own marginal tax rate. Which bracket you end up in for 2021 depends on your taxable income. Plus: [Tax Changes and Key Amounts for the 2021 Tax Year]( [READ MORE]( SPONSORED CONTENT FROM NORTHERN TRUST [Navigating Possible Tax Policy Changes]( Prepare your portfolio and wealth plan for change with research-based insights on the likelihood of proposed tax policy changes and cutting-edge wealth planning strategies for managing complex wealth from The Northern Trust Institute. [READ MORE]( ALSO ON KIPLINGER [Prosper with the Latest Insights from Practicing Financial Pros in Kiplinger's Building Wealth E-Newsletter -- Free]( [3 Ways to Avoid a Big Fat Tax Surprise in April]( [10 Things Every Worker Needs to Know About the W-4 Form]( [Kiplinger] [Facebook]( [Twitter]( [LinkedIn]( Send this to a friend. [Click here.]( All content ©2021 The Kiplinger Washington Editors 1100 13th Street, NW, Suite 1000 Washington, D.C. 20005 Thank you for subscribing to our free Tax Tips e-newsletter. Trim your federal and state tax bills with our actionable tax-planning strategies and tax-filing tactics. Published weekly December - April, monthly May - November. If you ever wish to stop receiving this service, please [click here to unsubscribe](.