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New Tax Laws For 2021 Explained! (Tax Cuts and Jobs Act 2021) 2021Income Tax Changes for individuals explained! (2020 Federal Income Tax Rules) . VERY DETAILED AND EASY TO FOLLOW….
#Taxes, #Incometax #tax

Learn about Donald Trump’s new tax laws. Tax Reform 2021. 2021Federal Income Tax Rules! Downloadable notes included below. The Tax Cuts and Jobs Act bill brings numerous new changes to the world of taxes. In this video you learn how these changes may impact your personal tax return.

You can follow the links here to download the spreadsheet:

Video Outline and Time Stamps so you can quickly jump to any topic:
• Intro – 0:00 – 2:12
• The 2021 Federal Income Tax Bracket Rates – 2:12
• 2021 capital gain rates for stocks and dividends – 3:37
• Changes to the 2021 standard deduction – 4:55
• Itemized deductions – How they work – 6:00
• 2021 Medical expenses 6:50
• Child tax credit rules for 2021 – 7:39
• Savers Credit – 9:05
• Itemized deductions continued – 9:56
• 2021 Education Credits and 2019 Student loan interest- 11:24
• 2021 401(K) Contribution Limits and 2019 IRA Contribution Limits- 12:54
• 2021 2021 Social Security Cost of living adjustment 14:00
• Alimony rules for 2021 – 14:19
• 2021 Gift tax exclusion 14:30
• 2021Federal Estate Tax Exemption – 15:37
• Alternative Minimum Tax – 16:02
• Health Insurance requirement – 16:25
• Health Savings – 16:48
• Adoption tax credit and earned income tax credit 2021 – 18:30
• 2021 QBI (199A Deduction) 19:16
• Common tax penalties 20:19
• 2020 filing requirements 22:47
Other related videos:
My complete tax video playlist can be found here:

Marginal tax rate vs effect tax rate:

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