CARES Act and YOUR TAXES (Cares Act Explained) In this video we have highlighted the top 7 ways the CARES Act provisions can help you with your personal taxes.
You can find the downloadable word doc handout here: https://www.dropbox.com/s/8tn87j08p4veljm/Cares%20act%20highlights.docx?dl=0
⌚ Time Stamps so you can jump to any point in the video
►0:00 – 1:14 Intro
►1:36 #1Recovery Rebate (Stimulus) Is it taxable?
►2:24 #2 Business interest limitations
►3:40 #3 No claw back on stimulus
►4:35 #4 No tax on employer paid student loans woohooo!
►5:11 #5 Above the line deductions for charity.
►5:39 #6 Net operating losses – THIS IS HUGE for some
►8:25 #7 Corona Virus Relief distributions form 401(K)
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