Tax filing updates to be aware of this year (tax year 2020) (HYW067)
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 Published On Mar 23, 2021

This week I invited Katelynn Minott, CPA and managing partner at Bright!Tax, to share key tax filing updates to be aware of when you file your tax returns this year.

Given how big of a shock the events of 2020 were for just about everyone on the planet, what changes to the tax rules happened as a result?

What you’ll learn:

- Tax treatment of CARES Act stimulus checks
- Healthcare related tax updates (e.g., qualified medical expense deductions)
- Updates to retirement plan rules (e.g., contributions, withdrawals, inherited IRAs)
- Tips for reducing investment income taxes
- Education related changes (e.g., student loan payments)
- Charitable donation changes
- Commonly missed business deductions for self-employed / sole proprietors
- Tax issues and updates applicable to remote workers (e.g., state tax residency rules, foreign earned income exclusion for expats)

Check it out here:

https://hackyourwealth.com/2020-tax-f...

What other 2020 tax filing questions do you have? Let me know by leaving a comment and, if there are enough, I’ll send them to Katelynn for feedback!

P.S. If you liked this episode, be sure to subscribe on Apple Podcasts so you don’t miss any upcoming episodes! 😎

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