Untracht Early’s individual tax professionals provide tips to help you effectively file your income tax returns and opportunities to reduce your income tax liability for the 2020 tax year.

Individual tax filing tips covered in this video include:

1 – 2020 Form 1040 Changes 0:08

2 – Requesting Your Identity Protection Pin 0:50

3 – Itemizing Medical Expense Deductions 1:35

4 – Special Gift Tax Rule for 529 Plans 3:00

5 – The Tax Deductibility of Traditional IRA Contributions 3:45

6 – Reporting Life-Changing Events 4:33

7 – Review and Update Your Beneficiaries and Wills 5:04

If you have questions on how these tips impact your specific tax filing situation please contact your Untracht Early advisor.