In this episode of Fiscally Savage, Dylan explains everything there is to know about taxes and what YOU need to do to start paying less and using the system to your advantage.

0:00 - 1:20 - Introductions

1:40 - 4:00 - Outlining today’s topic and what we will be covering.

4:00 - 7:04 - How taxes are actually calculated.

7:05 - 8:50 - State income tax, sales/property tax.

8:50 - 11:37 - Setting up your tax form correctly.

11:38 - 14:28 - US Employment Benefits for W2 Employees

14:30 - 17:45 - The different between Traditional and Roth contributions

17:48 - 20:11 - What is an FSA? Where is that money going to go?

20:11 - 22:28 - Healthcare Insurance Accounts

22:30 - 25:10 - So how do I file my taxes?

25:10 - 26:40 - If somebody’s giving you something for free, you are the product.

26:40 - 30:47 - The two flavours of tax professionals.

30:47 - 35:44 - What happened to ReadyReturn? The system didn’t optimise for us.

35:45 - 36:30 - We need to arrange our affairs with the understanding of using the system to our advantage.