About this episode
Roger and Annie discuss Congress and IRS roles when it comes to taxes, how tax code is used to encourage behaviors, how tax policy scoring works, and explain deductions versus credits. Sponsors Padgett - Contact Padgett or Email Jeff Phillips Get NASBA Approved CPE or IRS Approved CE Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode. Links mentioned in this episode Chapters (00:00) - Federal Tax Update E3 (01:16) - Don't miss the Deductions on Credits on your Tax Return (09:28) - How tax policy is scored? (14:59) - Limitations of Deductions and Credits (17:57) - Do you take a standard deduction or a Itemized deduction? (22:04) - Deductions on Charitable Donations (24:24) - Gift Tax Returns (28:55) - Education Credits (36:00) - Sole Proprietorship Deductions (40:45) - Refundable Credits (43:00) - What does it cost to raise a child? (46:45) - Updates on the Employee Retention Credit Follow the Federal Tax Updates Podcast on Social Media twitter.com/FedTaxPod facebook.com/FedTaxPod linkedin.com/showcase/fedtaxpod Connect with the Hosts on LinkedIn Roger Harris Annie Schwab Connect with Padgett www.padgettadvisors.com twitter.com/PadgettUSA linkedin.com/company/padgett-business-services/ Review Leave a review on Apple Podcasts or Podchaser Subscribe Subscribe to the Federal Tax Updates podcast in your favorite podcast app! This podcast is a production of the Earmark Media The full transcript for this episode is available by clicking on the Transcript tab at the top of this page All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.