For Your Benefit

Income Tax Questions Answered

February 1, 2021 on ForYourBenefit, host Bob Leins, CPA® welcomes Tom O’Rourke.

It’s the beginning of tax season.  Today’s program will focus on updates for this year and more.

  • Is the 2020 Stimulus payment taxable?
  • How much did 2020 Income Tax Rates increase over the 2019 rates?
  • How is my 2020 Federal tax bracket determined and what does that mean to me?
  • What are some of the tax savings opportunities offered by my Federal benefits package?
  • Are there any tax savings opportunities that will be paid in 2021 that will impact my 2020 tax return?
  • What are some of IRS’s audit “Red Flags”?
  • What are some of President Biden’s Income tax proposals of general interest?

For questions or comments, email us in advance at ForYourBenefit@nitpinc.com

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