Federal Tax Updates

Federal Tax Updates Trailer Bonus Episode 3 Season 1

Don’t Miss These Deductions or Credits

00:00
Roger and Annie discuss Congress and IRS roles when it comes to taxes, how tax code is used to encourage behaviors, how tax policy scoring works, and explain deductions versus credits.

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Padgett -  Contact Padgett or Email Jeff Phillips


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Links mentioned in this episode

Chapters
  • (00:00) - Federal Tax Update E3
  • (01:32) - Don't miss the Deductions on Credits on your Tax Return
  • (09:44) - How tax policy is scored?
  • (15:15) - Limitations of Deductions and Credits
  • (18:13) - Do you take a standard deduction or a Itemized deduction?
  • (22:20) - Deductions on Charitable Donations
  • (24:40) - Gift Tax Returns
  • (29:07) - Education Credits
  • (36:12) - Sole Proprietorship Deductions
  • (40:57) - Refundable Credits
  • (43:12) - What does it cost to raise a child?
  • (46:57) - Updates on the Employee Retention Credit
 
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Roger Harris
Annie Schwab

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The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.

Creators & Guests

Host
Annie Schwab, CPA
Franchisee Operations Manager at Padgett Business Services
Host
Roger Harris, EA
President at Padgett Business Services

What is Federal Tax Updates?

CPAs, Enrolled Agents, and Tax Preparers can keep up-to-date with the latest federal tax information while earning NASBA approved CPE credits and IRS approved CE credits by listening to the bi-weekly Federal Tax Updates podcast. The hosts Roger Harris and Annie Schwab have over 75 years of tax experience between them, which has been featured in various media outlets including Wall Street Journal, USA Today, The Morning Business Report, Bloomberg Business News, and Accounting Today.