Alan Cox, CPA, CKA, Director of Estate/Trust Planning and Estate Settlement at Ronald Blue Trust joins Mike to discuss some of the ins and outs of the latest Coronavirus relief package.
- modifications to charitable contribution limitations, including above the line deductions for non-itemizers
- relief checks and their calculations: information on how you can figure out how much you may be getting!
- difference between Adjusted Gross Income and Taxable Income
- expansion of the paycheck protection loans
- deductibility of business meals
- IRA conversion considerations