The Standard Deduction

Read more about the latest tax updates: https://creativeplanning.com/education/article/important-updates-to-president-bidens-tax-plan/All of Creative Planning’s latest articles and podcasts can be found here: https://creativeplanning.com/education/Listen to more about the Child Tax Credit: https://creativeplanning.com/education/podcast/the-child-tax-credit/Follow Creative Planning on social media:LinkedInTwitterFacebookThe Standard Deduction podcast is hosted by Tax Directors Candace Varner and Ben Hake. This podcast is a thoughtful, informed discussion about ideas, trends and developments in taxes related to personal wealth management.Our mission is to educate and inspire people to make better financial choices through knowledge, tools and strategies. We believe that education and planning are key components of financial success. Come explore relevant financial topics with our team.Important Legal Disclosure: http://bit.ly/2DC250bHave questions or topic suggestions? Email us @ podcasts@creativeplanning.com

To read more about the tax proposals: https://creativeplanning.com/education/article/2021-tax-legislation-update/To hear more about Roth conversions: https://creativeplanning.com/education/podcast/all-you-need-to-know-about-roth-ira-conversions/To see a Schoolhouse Rock flashback about the legislative process: https://youtu.be/OgVKvqTIttoTo reach out to us with podcast questions and feedback: podcasts@creativeplanning.com The Standard Deduction podcast is hosted by Tax Directors Candace Varner and Ben Hake. This podcast is a thoughtful, informed discussion about ideas, trends and developments in taxes related to personal wealth management.Our mission is to educate and inspire people to make better financial choices through knowledge, tools and strategies. We believe that education and planning are key components of financial success. Come explore relevant financial topics with our team.Important Legal Disclosure: http://bit.ly/2DC250b

Learn more about the backdoor Roth strategy: https://creativeplanning.com/education/article/explainer-video-backdoor-roth-ira-strategy/ The Standard Deduction podcast is hosted by Tax Directors Candace Varner and Ben Hake. This podcast is a thoughtful, informed discussion about ideas, trends and developments in taxes related to personal wealth management.Our mission is to educate and inspire people to make better financial choices through knowledge, tools and strategies. We believe that education and planning are key components of financial success. Come explore relevant financial topics with our team.Important Legal Disclosure: http://bit.ly/2DC250bHave questions or topic suggestions? Email us @ podcasts@creativeplanning.com

Official IRS website to search for tax exempt organizations/charities: https://www.irs.gov/charities-non-profits/search-for-tax-exempt-organizations The Standard Deduction podcast is hosted by Tax Directors Candace Varner and Ben Hake. This podcast is a thoughtful, informed discussion about ideas, trends and developments in taxes related to personal wealth management.Our mission is to educate and inspire people to make better financial choices through knowledge, tools and strategies. We believe that education and planning are key components of financial success. Come explore relevant financial topics with our team.Important Legal Disclosure: http://bit.ly/2DC250bHave questions or topic suggestions? Email us @ podcasts@creativeplanning.com

In this episode of The Standard Deduction (they’re certain their kids will just love it), Tax Directors Candace Varner and Ben Hake explain and discuss the nuances of the Child Tax Credit which was expanded in 2021. They tell you what you need to know about eligibility, opting out and navigating the account creation process on the IRS website. The Standard Deduction podcast is hosted by Tax Directors Candace Varner and Ben Hake. This podcast is a thoughtful, informed discussion about ideas, trends and developments in taxes related to personal wealth management.Our mission is to educate and inspire people to make better financial choices through knowledge, tools and strategies. We believe that education and planning are key components of financial success. Come explore relevant financial topics with our team.Important Legal Disclosure: http://bit.ly/2DC250bHave questions or topic suggestions? Email us @ podcasts@creativeplanning.com

In this episode on The Standard Deduction, Tax Directors Candace Varner and Ben Hake discuss the various types of retirement plans available and the pros and cons of each. The Standard Deduction podcast is hosted by Tax Directors, Candace Varner and Ben Hake. This podcast is a thoughtful, informed discussion about ideas, trends and developments in taxes related to personal wealth management.Our mission is to educate and inspire people to make better financial choices through knowledge, tools and strategies that ensure a more prosperous future. We believe that education and planning are key components to financial success. Come explore relevant financial topics with our team.Important Creative Planning legal disclosure: http://bit.ly/2DC250b

In this episode of The Standard Deduction, Tax Directors, Candace Varner and Ben Hake discuss when and why an amended return may be a good idea.The Standard Deduction podcast is hosted by Tax Directors, Candace Varner and Ben Hake. This podcast is a thoughtful, informed discussion about ideas, trends and developments in taxes related to personal wealth management.Our mission is to educate and inspire people to make better financial choices through knowledge, tools and strategies that ensure a more prosperous future. We believe that education and planning are key components to financial success. Come explore relevant financial topics with our team.Important Creative Planning legal disclosure: http://bit.ly/2DC250b

In this episode of The Standard Deduction, Tax Directors, Candace Varner and Ben Hake discuss planning, mitigating, and deferring capital gains.The Standard Deduction podcast is hosted by Tax Directors, Candace Varner and Ben Hake. This podcast is a thoughtful, informed discussion about ideas, trends and developments in taxes related to personal wealth management.Our mission is to educate and inspire people to make better financial choices through knowledge, tools and strategies that ensure a more prosperous future. We believe that education and planning are key components to financial success. Come explore relevant financial topics with our team.Important Creative Planning legal disclosure: http://bit.ly/2DC250b

In this episode, Director of Tax Services Candace Varner and Tax Director Ben Hake discuss:How 2020 Stimulus payments and proposed additional stimulus payments affect your 2020 tax returnClaiming college aged dependentsTax deadline updatesThe legislation discussed in this episode is in progress as of the release date, the income thresholds noted may change in the final bill.The Standard Deduction podcast is hosted by Tax Directors, Candace Varner and Ben Hake. This podcast is a thoughtful, informed discussion about ideas, trends and developments in taxes related to personal wealth management.Our mission is to educate and inspire people to make better financial choices through knowledge, tools and strategies that ensure a more prosperous future. We believe that education and planning are key components to financial success. Come explore relevant financial topics with our team.Important Creative Planning legal disclosure: http://bit.ly/2DC250b

In this episode, Director of Tax Services Candace Varner and Tax Director Ben Hake discuss:Why do we have withholding and is it determined?Common issues and fixesEstimated taxes & penaltiesThe Standard Deduction podcast is hosted by Tax Directors, Candace Varner and Ben Hake. This podcast is a thoughtful, informed discussion about ideas, trends and developments in taxes related to personal wealth management.Our mission is to educate and inspire people to make better financial choices through knowledge, tools and strategies that ensure a more prosperous future. We believe that education and planning are key components to financial success. Come explore relevant financial topics with our team.Important Creative Planning legal disclosure: http://bit.ly/2DC250b

In this episode, Director of Tax Services Candace Varner and Tax Director Ben Hake discuss:What you can do now for 2021 taxesTax document organization for 2020Changes in 2021 charitable deductionsThe Standard Deduction podcast is hosted by Creative Tax Directors, Candace Varner and Ben Hake. This podcast is a thoughtful, informed discussion about ideas, trends and developments in taxes related to personal wealth management.Our mission is to educate and inspire people to make better financial choices through knowledge, tools and strategies that ensure a more prosperous future. We believe that education and planning are key components to financial success. Come explore relevant financial topics with our team.Important Creative Planning legal disclosure: http://bit.ly/2DC250b

In this episode, Tax Directors, Candace Varner and Ben Hake discuss:Changes to charitable deductions due to the CARES ActPicking the best type of assets to donateWays to maximize the tax savings of your donationsThe Standard Deduction podcast is hosted by Tax Directors, Candace Varner and Ben Hake. This podcast is a thoughtful, informed discussion about ideas, trends and developments in taxes related to personal wealth management.Our mission is to educate and inspire people to make better financial choices through knowledge, tools and strategies that ensure a more prosperous future. We believe that education and planning are key components to financial success. Come explore relevant financial topics with our team.Important Legal Disclosure: http://bit.ly/2DC250bHave questions or topic suggestions? Email us @ podcasts@creativeplanning.com

In this episode, Director of Tax Services Candace Varner and Tax Director Ben Hake discuss:Why the way we earn our income impacts our taxesWays that the IRS allows taxpayers to reduce their taxesIncentivizing taxpayers with credits and deductionsThe Standard Deduction podcast is hosted by Tax Directors, Candace Varner and Ben Hake. This podcast is a thoughtful, informed discussion about ideas, trends and developments in taxes related to personal wealth management.Our mission is to educate and inspire people to make better financial choices through knowledge, tools and strategies that ensure a more prosperous future. We believe that education and planning are key components to financial success. Come explore relevant financial topics with our team.Important Creative Planning legal disclosure: http://bit.ly/2DC250b

In this episode, Tax Directors, Candace Varner and Ben Hake discuss:Proposed changes to tax lawImpact to taxpayers at various income levelsPossible planning opportunitiesThe Standard Deduction podcast is hosted by Tax Directors, Candace Varner and Ben Hake. This podcast is a thoughtful, informed discussion about ideas, trends and developments in taxes related to personal wealth management.Our mission is to educate and inspire people to make better financial choices through knowledge, tools and strategies that ensure a more prosperous future. We believe that education and planning are key components to financial success. Come explore relevant financial topics with our team.Important Legal Disclosure: http://bit.ly/2DC250bHave questions or topic suggestions? Email us @ podcasts@creativeplanning.com

Director of Tax Services Candace Varner and Tax Director Ben Hake discuss the tax consequences of selling a home. They reveal that business owners who’ve sold a commercial property may be in for an unpleasant surprise when a substantial gain in their primary home’s value is realized. Listen in as we explore these topics in the latest podcast episode.The Standard Deduction podcast is hosted by Tax Directors, Candace Varner and Ben Hake. This podcast is a thoughtful, informed discussion about ideas, trends and developments in taxes related to personal wealth management.Our mission is to educate and inspire people to make better financial choices through knowledge, tools and strategies that ensure a more prosperous future. We believe that education and planning are key components to financial success. Come explore relevant financial topics with our team.Important Creative Planning legal disclosure: http://bit.ly/2DC250b