This year makes a new year with new tax laws. There's been a lot of talk in the media and online about proposed changes but few understand the changes that actually did make it into the new tax law. Not to worry, we've got the very talented and knowledgeable Jill Schlesinger, host of the Better Off Podcast and Jill On Money radio show (you might also recognize Jill from CBS This Morning and The CBS Evening News).
On This Podcast Episode:
Jill Schlesinger and I are demystifying the new tax bill and what you need to know going into this year to prepare your bank account for those changes. We'll discuss:
- We discuss the changes with the refundable child care tax credit
- What you need to know about HELOC loans and their current loss of deduction
- How a higher standard deduction could lead to more cash in your bank account
- What should you do as a freelancer or self employed business owner to position yourself for tax season
- Some tips for everyone for how to grow your wealth as a result of these tax changes
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