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COVID Tax Relief Information

Show aired on January 16th, 2021

Alan Cox, CPA, CKA, Director of Estate/Trust Planning and Estate Settlement at Ronald Blue Trust joins Mike to discuss some of the ins and outs of the latest Coronavirus relief package.

  • modifications to charitable contribution limitations, including above the line deductions for non-itemizers
  • relief checks and their calculations: information on how you can figure out how much you may be getting!
  • difference between Adjusted Gross Income and Taxable Income
  • expansion of the paycheck protection loans
  • deductibility of business meals
  • IRA conversion considerations

 


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