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Video Summary of Changes to 2020 Tax Code

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    Video Summary of Changes to 2020 Tax Code

    Guys,

    Saw this summary of 2020 tax issues on Youtube. Thought it was good, wanted to share.

    https://www.youtube.com/watch?v=ewhbBCRvIO0

    Screen grab below.



    Last edited by james.hendrickson; 01-23-2020, 03:58 PM.
    james.c.hendrickson@gmail.com
    202.468.6043

    #2
    Thanks for sharing! That was pretty comprehensive.
    -Milly
    Personal Finance Blogger, Mechanical Engineer, and Mother of 3 Toddlers
    milly.savingadvice.com

    Comment


      #3
      Originally posted by Milly View Post
      Thanks for sharing! That was pretty comprehensive.
      I'm a geek, I love that stuff.
      james.c.hendrickson@gmail.com
      202.468.6043

      Comment


        #4
        Originally posted by james.hendrickson View Post

        I'm a geek, I love that stuff.
        I was glancing over the for sale section at the library, pushing the last ounce of goodness out of my increasingly impatient kids (3, 5, 6 years old). An older lady noticed and asked "what kind of books do you like?" I responded without a thought "monetary policy and finance". Her look said she had nothing to work with, but after a pause, she handed me a flier and said, "well, I'm sure we have something for you at our book sale next week." I had a great silent laugh once she walked back. She just looked so at a loss.

        Yup, we are our own breed and happy for it.
        -Milly
        Personal Finance Blogger, Mechanical Engineer, and Mother of 3 Toddlers
        milly.savingadvice.com

        Comment


          #5
          Originally posted by Milly View Post

          I was glancing over the for sale section at the library, pushing the last ounce of goodness out of my increasingly impatient kids (3, 5, 6 years old). An older lady noticed and asked "what kind of books do you like?" I responded without a thought "monetary policy and finance". Her look said she had nothing to work with, but after a pause, she handed me a flier and said, "well, I'm sure we have something for you at our book sale next week." I had a great silent laugh once she walked back. She just looked so at a loss.

          Yup, we are our own breed and happy for it.
          Totally Milly - I feel like general public doesn't get how important tax policy really is.
          james.c.hendrickson@gmail.com
          202.468.6043

          Comment


            #6
            I still can't believe they extended the child credit even beyond 315k threshold for a married couple to 400k! Just ridiculous how much tax money household that makes beyond 150k get back under these new tax laws.

            Comment


              #7
              $10k standard deduction, no personal exemption, and cap on state tax deduction still shafting a lot of people.

              Comment


                #8
                Originally posted by Singuy View Post
                Just ridiculous how much tax money household that makes beyond 150k get back under these new tax laws.
                You don't pay any taxes?

                Still, if you want to pay more: https://www.treasurydirect.gov/govt/.../gift/gift.htm
                https://www.treasurydirect.gov/govt/...tm#DebtFinance

                Comment


                  #9
                  Originally posted by ~bs View Post
                  $10k standard deduction, no personal exemption, and cap on state tax deduction still shafting a lot of people.
                  Yep. The Trump tax hike cost us a few thousand.
                  Last edited by disneysteve; 01-19-2020, 07:16 AM.
                  Steve

                  * Despite the high cost of living, it remains very popular.
                  * Why should I pay for my daughter's education when she already knows everything?
                  * There are no shortcuts to anywhere worth going.

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