#67: 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?

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.

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-filing

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!

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Links mentioned in this episode:

• Bright!Tax
• Schedule a private 1:1 consultation with me
• HYW private Facebook community

Intro/Outro: Old Bossa by Twin Musicom.