8. Tax Season Update
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8. Tax Season Update
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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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