Most people aren't doing anything wrong with their taxes, they're just missing a few key details that quietly add up. In this episode, I'm joined by Sim Terwilliger, CFP®, CSLP®, our chief tax planner at SLP Wealth, to break down the most common (and totally normal) tax mistakes we see that can cost people thousands. From backdoor Roth errors and brokerage account missteps to missed deductions and underpayment penalties, we cover what actually matters, what's fixable, and how to be more proactive heading into a new tax year.

Key moments:

(03:15) Why backdoor Roth mistakes trigger unexpected taxes

(15:27) How brokerage account defaults quietly increase your tax bill

(29:06) Underpayment penalties and how to avoid IRS interest

(43:37) Why SALT deduction changes matter more than you think

Resources mentioned:

• Monarch Money
• Daffy (donor-advised fund)
• IRS estimated tax payments

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