Episode 40: Tax Time

Hello and welcome to another fantastic episode of Stacks and the City! I am so excited to be here with you all and talk about getting this money. This month we are talking about TAXES. Taxes are a really hefty topic- in fact, it’s more of an entire topic up for discussion. There are so so so many directions you can use to make your taxes work for you. I HIGHLY recommend finding a trained tax professional to help answer tax questions and minimize any tax payments.

Questions that Will Be Answered In This Episode:

How exactly do taxes work?

Do I claim 0 or 1 on these tax forms?

How do tax brackets work?

Ashley’s Tips:

Deduct!

• There are so many ways to subtract from everyday life expenses to reduce you’re the amount of money you spend.

Find a tax professional

• Especially as your financial lives get more complicated, it becomes imperative that you invest in professionals who truly help reduce your tax bill and who educate you on way to reduce your tax bill.

Spend this coin properly!

• When the refund hits, DO NOT spend it on frivolous unnecessary items- at least not all of it. The vast majority of your refund needs to go to whomever you owe first. I recommend paying down the highest credit card interest payments first. Take back your coin!

For More Information:

https://www.fool.com/taxes/whats-my-tax-bracket.aspx

https://obliviousinvestor.com/how-do-i-calculate-my-income-tax-refund/

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Music:
bensound.com