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Paying my kids up to the standard deduction of $14,600 means they enjoy tax-free spending on their activities, school, and savings.
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โณ Taxpayers owed a refund have three years after the filing due date to file and claim any money entitled to them. For 2020 tax returns, this yearโs May 17 due date is three years after the original May 17, 2021, tax deadline.
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