Welcome to Questioning Your Cents where you can get real-world, pragmatic tax & financial advice for business owners, entrepreneurs and independent contractors.

 

We are your hosts, Kevin Molen and Charles Steinmetz. Our job is to help educate you on how to manage your money and save on taxes. In this episode, we discuss what is new this year for tax season.

 

Important Points:

2020 Tax Season Update

Late start to tax season with delayed efile opening

IRS is taking longer than normal to process returns

Tips to get your return processed faster

Stimulus check information rounds 1-3

Recovery rebate credit

American recovery act

Child tax credit expansion

Daycare or dependent care credit expansion

Unemployment changes

How will unemployment benefits be taxed?

How long does it take to get your tax refund back?

 

 

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