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Jill on Money with Jill Schlesinger

Prepping for Tax Season

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.61.8K Ratings

🗓️ 14 February 2020

⏱️ 3 minutes

🧾️ Download transcript

Summary

In just the first week of this tax season, the IRS says it has processed nearly 13 million returns and issued nearly 4.3 million refunds. The filing deadline is April 15. I joined CBS This Morning with what you need to know before filing your taxes. Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0

Welcome to the Jill on Money Podcast. It's a bonus episode, getting ready to do your

0:07.6

taxes, roll up your sleeves, and listen to this segment that I did on CBS this

0:12.4

morning. In this morning's eye on money, what you need to this

0:13.2

morning. morning Zion Money what you need to know before filing your taxes.

0:16.9

In just the first week of this tax season, the IRS says it processed nearly 13 million

0:21.9

returns.

0:22.8

Mine was not one of them.

0:24.0

And issued almost 4.3 million refunds.

0:26.7

I won't be getting one of those.

0:28.0

The filing deadline is April 15th.

0:29.8

Of course, CBS News Business analyst Jill Schlesinger is here with some important

0:33.4

reminders for this tax season. My favorite time of the year, Jill, good morning.

0:37.0

Not my favorite time.

0:38.0

I said that.

0:39.0

I know you were kidding.

0:42.0

What's, what's, what's, what's, what's, what's,

0:42.1

what's change for this year to not a lot has

0:43.9

changed every year the IRS makes some inflation adjustment so the brackets aren't

0:47.7

exactly the same and the deduction amounts aren't exactly the same but there are

0:50.9

three major issues that are different this year than last year right after the tax law change number one is that you no longer have to pay a penalty if you did not have health insurance that That individual mandate, it went to zero,

1:04.0

so it's gone, no tax forms you have to file.

1:06.0

If you got divorced last year and there is some alimony payment,

...

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