In Legal Terms: Midyear Pandemic Taxes

36
0%
MPB27.1K
Published on 7 Jul 2020, 15:24
Calls:home salesPERS taxable? moneytalks.mpbonline.org/episo... over an IRA to a Roth IRAearly withdraw from IRA due to COVID-19military taxes irs.gov/individuals/militaryfi... taxes when you don't owe

cbh.com/guide/alerts/cares-act... Act: Highlights of the Tax Provisions

Provisions Applicable To IndividualsEarly withdrawals from retirement plans and participant loansWaiver of required minimum distributionsRecovery RebatesCharitable Contribution ChangesModification of limitation on losses for individuals

Provisions Applicable To BusinessesEmployee Retention CreditDeferral of Employer payroll taxesChanges to Mandated Paid LeaveEmployer Payment of Employee Student LoansChanges to NOLSChanges to AMT Credit refundsChanges to limitations on deductibility of business interest expenseChanges to depreciation for qualified improvement propertyTax Aspects of Government Provided Relief Loans

Provisions Applicable To IndividualsAdditional Retirement Plan Distributions AvailableRecovery Rebates for IndividualsAllowance for partial above-the-line deduction for charitable contributionsModification of limitations on charitable contributions during 2020Modification of limitation on losses for taxpayers other than corporations

Provisions Applicable To BusinessesEmployee Retention CreditDeferral of Employer payroll taxesChanges to Mandated Paid LeaveEmployer Payment of Employee Student LoansChanges to NOLSChanges to AMT Credit refundsChanges to limitations on deductibility of business interest expenseChanges to depreciation for qualified improvement propertyTax Aspects of Government Provided Relief Loans
newstechmusickids