Don’t Miss These Deductions or Credits

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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Links mentioned in this episode

  • (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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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 and Guests

Annie Schwab, CPA
Annie Schwab, CPA
Franchisee Operations Manager at Padgett Business Services
Roger Harris, EA
Roger Harris, EA
President at Padgett Business Services
Don’t Miss These Deductions or Credits
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