The trio sits down and discusses all things TAXES, that boring subject that no one likes talking about. We want to make sure you understand the basics of taxes before you file for 2017. In this episode we discuss: 

 

Why Americans pay taxes

Tax Day (different date this year!)

Tax Brackets for 2018 and what has changed and for how long

How the progessive tax system actually works (lots of people we have come across don’t know how we are actually taxed!)

W-2 vs 1099

How withholdings work and when you should change them on your W-4

Most common forms used to file

Walking through the 1040 form

What is AGI?

Deductions vs. credits (Big difference!)

Standard Deduction vs Itemized Deductions

Schedule C

AMT

2018 Tax Moves to Make NOW

 

Follow up on Twitter: @tdtpod, @KurtDBrucker, @TylerHuck

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