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Tax Justice Warriors is a podcast that focuses on tax controversy, Low Income Taxpayer Clincs (LITCs), educating the public, news, and interviews about taxes. The host is Omeed Firouzi, a practice professor and director of the low income taxpayer clinic at Temple University Beasley School of Law. The producer is Zac Harvey.
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Friday Feb 26, 2021
Friday Feb 26, 2021
This is a short episode to provide some highlights on the 2020 tax return that not everyone may be aware of. While I covered some of these items in past episodes, I thought the highlights would be worth mentioning again.
Basically:
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the recovery rebate credit is one way taxpayers may get their economic impact (stimulus) payments through filing a tax return, but they may not get as much as they expect
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the earned income credit has a lookback to compare 2020 income and 2019 income to take the most advantageous for the credit
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there is legislation pending that may increase the child tax credit next tax season
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a reminder that unemployment income is taxable income
Tune it to learn more details!
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