4.6 • 1.8K Ratings
🗓️ 31 March 2020
⏱️ 16 minutes
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0:00.0 | Hello podcast friends. I'm Laura Adams, your host and personal finance author, |
0:10.0 | speaker and consumer advocate who's been producing this show since 2008. |
0:15.0 | Thanks so much for downloading the show and spending some time with me. |
0:18.0 | My mission is to give you knowledge, resources, and motivation to manage your money the best way possible and create |
0:26.2 | a richer life, even in the face of a crisis, uncertainty, and maybe some fear that you might be experiencing as the |
0:35.9 | coronavirus pandemic unfolds. In response to the COVID-19 emergency, the IRS is offering federal tax relief to Americans. |
0:47.8 | It's part of emergency declarations that were enacted due to the Stafford Act earlier this month. |
0:54.0 | And the response will undoubtedly help citizens and businesses cope with the crisis. |
0:59.6 | So we're going to talk about what exactly it means for you. |
1:03.4 | And we're going to focus just on tax relief. |
1:06.5 | There are a whole lot of things that are unfolding |
1:09.3 | with legislation. |
1:10.7 | So it's kind of changing from day to day. You all probably know that the |
1:15.9 | Cares Act includes a provision to send most Americans direct payments of |
1:20.5 | 1200 or 2,400 for joint filers plus $500 for each child. |
1:27.4 | And the amount of the payments will be reduced for those with higher incomes. |
1:31.5 | So that is coming within the next few weeks, but in this podcast what I'm going to |
1:36.6 | focus on are the tax related changes that are coming. What you may not know is that changes to the tax deadline also affect other areas |
1:46.8 | of your financial life. So that's what we're going to focus on. I'll explain what the tax relief is |
1:51.8 | and ten ways that it affects your finances. |
1:55.0 | And as always you'll find the notes for this show and the complete archive of |
1:59.0 | podcasts in the Money Girl section at quick and dirty tips |
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