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Podcast 143: Tax Law Changes in 2012

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Today on the Consumerism Commentary Podcast, Bryan J Busch talks to Kathy Pickering, Executive Director of H&R Block’s Tax Institute.

They discuss the difference between smart investments vs. emotional decisions, the importance of financial planning, and how most people are better off just buying an index fund and ignoring investment gurus.

Table of contents

Consumerism Commentary Podcast[00:00] Introduction from Bryan J Busch
[00:34] Interview with Kathy Pickering
[00:48] Do an annual review of life changes
[01:26] Extending the Payroll Tax Holiday
[02:43] Federally declared disasters and casualty losses
[04:39] Energy efficiency credit (check the list at
[05:51] American Opportunity Credit for college students, tuition and fees deductions, and the Lifetime Learning Credit
[08:16] Tax credits for adoption
[11:10] Credit for some plug-in cars
[12:10] Brokers are now required to report cost basis of the sale of stocks and securities
[12:59] Health care reform affects on individual and small business taxes
[17:59] Expired hiring credits
[18:55] Changes to be aware of for 2013
[21:31] E-filing is heavily encouraged and improved
[23:56] End

We always welcome feedback from listeners. If you have any comments for this episode or for any other, or if you have suggestions for future episodes, please leave us comments here or email us at podcast at this domain name.

Theme music by Mindcube.

Updated June 24, 2016 and originally published January 15, 2012.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .

{ 3 comments… read them below or add one }

avatar 1 qixx

I too recommend e-filing returns. You usually get you refund faster already as the government gets the paperwork faster. The process is much simpler past the first year as you have a pin and do not have to still send in signatures on paper.

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avatar 2 Anonymous

Great podcast. Keep them up. I love e-filing as well. No other way! Who doesn’t want their taxes to be submitted in a more efficient and faster way? Plus, I get my money back way quicker than if it was through snail mail.

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avatar 3 wylerassociate

Very good podcast & ms. pickering is a terrific guest. the segment of the podcast that discussed tax changes for 2013 was insightful.

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