New Tax Laws for 2020 Explained! (2020 Tax Reform) 2020 Federal Income Tax Rules

New Tax Laws For 2020 Explained! (Tax Cuts and Jobs Act 2020) 2020 Income Tax Changes for individuals explained! (2020 Federal Income Tax Rules) . VERY DETAILED AND EASY TO FOLLOW....

Learn about Donald Trump's new tax laws. Tax Reform 2020. 2020Federal Income Tax Rules! Downloadable notes included below. The Tax Cuts and Jobs Act bill brings numerous new changes to the world of taxes. In this video you learn how these changes may impact your personal tax return.

Video Outline and Time Stamps so you can quickly jump to any topic:

• The 2020 Federal Income Tax Bracket Rates - 1:00
• 2020 capital gain rates for stocks and dividends - 1:50
• Changes to the 2019 standard deduction - 3:05
• 2020 Medical expenses 4:28
• Child tax credit rules for 2019 - 5:28
• 2020 State and local tax law changes - 6:04
• 2020 Mortgage interest deductions - 6:27
• 2020 Miscellaneous itemized deductions - 6:50
• 2020 Education Credits and 2019 Student loan interest- 7:10
• 2020 401(K) Contribution Limits and 2019 IRA Contribution Limits- 8:38
• 2020 2019 Social Security Cost of living adjustment 9:43
• Alimony rules for 2019 - 10:05
• 2020 Gift tax exclusion 10:48
• 2020 Federal Estate Tax Exemption - 11:37
• Alternative Minimum Tax - 12:05
• Health Insurance requirement - 12:13
• Adoption tax credit and earned income tax credit 2020 - 13:33
• Net Operating Losses - 13:54
• 2020 Standard Mileage rate (Pending): 14:37
• 2020 QBI (199A Deduction) 14:54
• Common tax penalties 15:10
Other related videos:

[MoneyandLifeTV]

Video Outline and Time Stamps so you can quickly jump to any topic:

• The 2020 Federal Income Tax Bracket Rates - 1:00
• 2020 capital gain rates for stocks and dividends - 1:50
• Changes to the 2019 standard deduction - 3:05
• 2020 Medical expenses 4:28
• Child tax credit rules for 2019 - 5:28
• 2020 State and local tax law changes - 6:04
• 2020 Mortgage interest deductions - 6:27
• 2020 Miscellaneous itemized deductions - 6:50
• 2020 Education Credits and 2019 Student loan interest- 7:10
• 2020 401(K) Contribution Limits and 2019 IRA Contribution Limits- 8:38
• 2020 2019 Social Security Cost of living adjustment 9:43
• Alimony rules for 2019 - 10:05
• 2020 Gift tax exclusion 10:48
• 2020 Federal Estate Tax Exemption - 11:37
• Alternative Minimum Tax - 12:05
• Health Insurance requirement - 12:13
• Adoption tax credit and earned income tax credit 2020 - 13:33
• Net Operating Losses - 13:54
• 2020 Standard Mileage rate (Pending): 14:37
• 2020 QBI (199A Deduction) 14:54
• Common tax penalties 15:10
Other related videos:

[rednola]

High schools should teach this in senior year

[laurice]

Tax laws are as dynamic as the practice of medicine. It’s extremely important to be aware of what’s new. But I noticed that several other tax pros on other You Tube channels are Way behind with updates. Some of their videos are as old as 7 years! I really appreciate your efforts to present such helpful, informative and Current information. That’s why I’m a new subscriber. Thanks again for sharing!

[MoneyandLifeTV]

Thank you for the massive amount of support you've shown me over the past 3 years of producing these tax video updates. Business tax law update video dropping in January of 2020 as well as a video related to the new W-4. I would greatly appreciate if you can drop a like/comment below or share this video with others to help others view this information. I'm so grateful for this community. I should have lots of good content coming your way in 2020. I'm very excited for what's to come. God bless and Happy New Year!

[patbowman]

What is the difference between filing as single or filing as head of household? Sometimes they are the same thing.

[jessicastrickland]

Thank you for sharing your spreadsheet. I'm in the process of taking HR Block tax course to become a tax preparation and this chart will be extremely helpful when working with clients during my first tax season.

[kenlynch]

As much as I dislike Taxes and hearing about them, I did watch the entire vlog and the first 12 minutes twice. I will actually be benefiting Financially this year by having watched this vlog. Thanks
👍👍👍👍👍 💵 💵 💵 💵 💵 X 2

[funny-fun-]

Wow what a clear and crisp explanation...it was very uncomplicated... superb...

[royb]

I am a certified payroll professional and I was shocked at how ill prepared the students were for entering the workforce. I ask all of you with tax and payroll certification
to please volunteer at your local schools to provide some basic information.

[jadem.]

I love all the information on here. Although this is 2 years old, I’ve learned things that I would have not known otherwise—like if medical expenses are over 10% of my income that it could be deducted, I would have just been losing money!

[carolapostolos]

Since I'm a dummy when it comes to income taxes I highly appreciate your video. Thank you for sharing. I am so impressed I Liked and subscribed!

[kcssi]

Glad you are working on a Cares Act video... please talk about flexible of three years to spread the tax payments on a withdraw.

Thans, All Knowledgeable Onw!!!

[Boyleheightspor-vida]

Mr tax man I just found you I'm subscribing and following please keep us informed you are much appreciated....peace✌✌✌✌

[emikami]

Another great video summarizing the changes in the tax laws. The Secure Act which increases the Required Minimum Distribution to 72 is effective in January 1, 2020 so for this year, people still have to use 70 1/2 as a reference point. I think Secure Act is worth an entire video--the good, the bad, and the ugly.

[tammygonzalez]

This was SO incredibly helpful!! THANK YOU!!

[redrumification]

Hi Thank you for the information, trying to get my taxes in order...

[kencorawright]

I'm looking for someone to do my taxes like this ... any recommendation????

[rkgaston]

Thanks for a clear and complete coverage of our always favorite subject.... Income tax! PS: I like your silly clips. It’s refreshing that you add a bit of light hearted humor!

[lain]

There's nothing more fun than watching a tax video on a cold Friday night!

[ritawilliams]

Correction for 2019 Standard Deductions. Single 12 200, Head of Household $18, 350 and Married Filing Joint $24, 400. 65 and older or blind add for Single or Head of Household $1, 650. Married Filing Joint or Separate or Qualifying Widow for each person add $1, 300.