New tax laws for 2020

By David Fender

Overview of the SECURE Act and TCDTRA enacted on December 20, 2019.... more

· Business

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FAQs about New tax laws for 2020:

How many episodes does New tax laws for 2020 have?

The podcast currently has 95 episodes available.

New tax laws for 2020 episodes:

February 24, 2020Business Use of Home
To deduct expenses for business use of the home, you must use part of your home as one of the following:
Exclusively and regularly as your principal place of business for your trade or business;

Exclusively and regularly as a place where you meet and deal with your patients, clients, or customers in the normal course of your trade or business;

A separate structure that's not attached to your home used exclusively and regularly in connection with your trade or business;

On a regular basis for storage of inventory or product samples used in your trade or business of selling products at retail or wholesale;

For rental use; or

As a daycare facility.

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7min
February 23, 2020 Pensions and Annuities
Fully Taxable Payments
Partially Taxable Payments
Additional 10% Tax on Early Distributions

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8min
February 22, 2020 Rental Income and Expenses; Renting Residential & Vacation Property
Real Estate Rentals
Personal Property Rentals
Rental Income
Rental Expenses
Personal Use
Minimal Rental Use
Dividing Expenses between Rental and Personal Use

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11min
February 21, 2020 Rollovers from Retirement
Ineligible Distributions
Timeframe to Complete a Rollover
IRA-to-IRA Rollover Limitation
Additional Taxes

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7min
February 20, 2020 Capital Gains and Losses
Short-term or Long-term
Capital Gain Tax Rates
Limit on the Deduction and Carryover of Losses
Net Investment Income Tax

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7min
February 19, 2020 401 (k) Plans
Contributions
Distributions
Hardship Withdrawals
Additional 10% Tax
Taxable and Nontaxable Income

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10min
February 18, 2020 Earned Income Tax Credit (EIC): What It Is and How to Qualify in 2019-2020
What is the Earned Income Tax Credit?
How to qualify for the Earned Income Tax Credit?
How much can I get?
Children and the Earned Income Tax Credit
If you do not have children
Consequences of an EIC-related error
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8min
February 17, 2020 6 Tax Deductions You Can Claim w/o Itemizing; and 5 Common Tax Mistakes to Avoid
Six Tax Deductions to claim without itemizing:
1. IRA Contributions
2. HSA Contributions
3. Self-employment tax
4. Health insurance premiums
5. Educator expenses
6. Student loan interest
Mistakes to avoid:
1. Wrong Social Security Number
2. Choosing the wrong tax-filing status
3. Writing off itemizing before calculating the numbers
4. Failing to report all of your income
5. Filing your taxes on paper
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11min
February 17, 2020 Interest You Paid
Line 8 Home Mortgage Interest
Limits on home mortgage interest
Limit for loan proceeds not used to buy, build, or substantially improve your home
Limit on loans taken out on before December 15, 2017

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9min
February 15, 2020 Schedule 1 Additional Income and Adjustments to Income
Use Schedule 1 to report income or adjustments to income that are not included directly on Form 1040 or 1040-SR
Virtual Currency
Line 1: Taxable Refunds, Credits, Offsets of State and Local Income Taxes
Line 2a and 2b: Alimony Received
Line 3: Business Income or (Loss)
Line 4: Other Gains or (Losses)
Line 7: Unemployment Compensation

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12min

FAQs about New tax laws for 2020:

How many episodes does New tax laws for 2020 have?

The podcast currently has 95 episodes available.