Pandemic-Year Taxes: What You Need to Know

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Video: The pandemic disrupted the global economy in ways that may affect your 2020 taxes. WSJ tax reporter RichardRubinDC shares his tips for this unusual tax season.

Taxes are complicated. But not in Richard Rubin’s world! In this video series, WSJ’s tax policy reporter explains different aspects of the tax code in a unique and entertaining way. Talk of deductions and exemptions has never been so fun.Now that the new tax law is in place, your deductions and refunds may not look the same as last year. WSJ's Richard Rubin gives us the scoop on what's changed, and how your return could be sweeter than years past.

Congress just created a new tax break for millions of pass-through businesses. But every business owner doesn't automatically qualify. WSJ's Richard Rubin overcomes the obstacles to claim the 20% pass through business deduction - on an actual obstacle course.Under the new tax law approved by Congress, the standard deduction is going up and the personal exemption is going away. But these changes won't be visible until your 2019 returns.

 

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