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How To Lower Your Tax Bill Episode 15
Smart Tax Refund Strategies
In this episode of How to Lower Your Tax Bill, host Terrence Hutchins and guest T’mia Kelly debunk tax refund myths and explain why a big refund isn’t always a win. Learn how to adjust your withholdings and keep more of your money year-round.
Key Takeaways:
- Why Tax Refunds Feel Good: The psychology behind refunds.
- How Refunds Work: Withholdings, deductions, and credits explained.
- Optimizing Your W-4: Adjust withholdings to avoid overpaying taxes.
- Side Hustle Tax Planning: Track income and expenses to prevent surprises.
- The Time Value of Money: Why keeping your money upfront is smarter.
Featured Tax Insight:
- The Time Value of Money: Why a dollar today is worth more than a dollar in the future and how it applies to your tax refund.
For more tax-saving insights, subscribe to How to Lower Your Tax Bill on Spotify or Apple Podcasts. Have questions? Email [email protected], and we’ll answer them in a future episode. Keep more of what you earn!
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By Terrance HutchinsSmart Tax Refund Strategies
In this episode of How to Lower Your Tax Bill, host Terrence Hutchins and guest T’mia Kelly debunk tax refund myths and explain why a big refund isn’t always a win. Learn how to adjust your withholdings and keep more of your money year-round.
Key Takeaways:
- Why Tax Refunds Feel Good: The psychology behind refunds.
- How Refunds Work: Withholdings, deductions, and credits explained.
- Optimizing Your W-4: Adjust withholdings to avoid overpaying taxes.
- Side Hustle Tax Planning: Track income and expenses to prevent surprises.
- The Time Value of Money: Why keeping your money upfront is smarter.
Featured Tax Insight:
- The Time Value of Money: Why a dollar today is worth more than a dollar in the future and how it applies to your tax refund.
For more tax-saving insights, subscribe to How to Lower Your Tax Bill on Spotify or Apple Podcasts. Have questions? Email [email protected], and we’ll answer them in a future episode. Keep more of what you earn!