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Live from Tax Season: What’s Working, What’s Not, and What to Fix

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Manage episode 472551212 series 2471867
Content provided by Travis Hornsby. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Travis Hornsby or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Tax season is back, and while it’s no one’s favorite time of year, getting ahead of it can save you a ton of stress (and money). We’re breaking down tax planning tips, retirement contributions, and the sneaky mistakes that could cost you.

Plus, some unexpected tax trivia — turns out, pro athletes and farmers have some wild tax rules. And because we can’t talk numbers all the time, we’re debating the ultimate question: bar soap or body wash? Grab a coffee, get comfy, and let’s tackle this tax season together.

Key moments:

(03:33) A midyear tax check helps avoid surprise bills from bonuses, side gigs, or investments (15:07) Roth IRA mistakes happen when you ignore next year’s tax situation — think ahead (21:37) Smart estate planning keeps more wealth with your heirs or charities, not the IRS (26:02) Home office deductions have strict rules — don’t push your luck with the IRS (34:24) Maxing out retirement accounts is great for taxes and asset protection, especially for physicians (34:57) Tax loss harvesting can lower your bill, so don’t miss market downturn opportunities (42:24) A tax extension can help student loan borrowers keep flexibility for income recertification

Like the show? There are several ways you can help!

Feeling helpless when it comes to your student loans?

Do you have a question about student loans? Leave us a voicemail here or email us at [email protected] and we might feature it in an upcoming show!

  continue reading

389 episodes

Artwork
iconShare
 
Manage episode 472551212 series 2471867
Content provided by Travis Hornsby. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Travis Hornsby or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Tax season is back, and while it’s no one’s favorite time of year, getting ahead of it can save you a ton of stress (and money). We’re breaking down tax planning tips, retirement contributions, and the sneaky mistakes that could cost you.

Plus, some unexpected tax trivia — turns out, pro athletes and farmers have some wild tax rules. And because we can’t talk numbers all the time, we’re debating the ultimate question: bar soap or body wash? Grab a coffee, get comfy, and let’s tackle this tax season together.

Key moments:

(03:33) A midyear tax check helps avoid surprise bills from bonuses, side gigs, or investments (15:07) Roth IRA mistakes happen when you ignore next year’s tax situation — think ahead (21:37) Smart estate planning keeps more wealth with your heirs or charities, not the IRS (26:02) Home office deductions have strict rules — don’t push your luck with the IRS (34:24) Maxing out retirement accounts is great for taxes and asset protection, especially for physicians (34:57) Tax loss harvesting can lower your bill, so don’t miss market downturn opportunities (42:24) A tax extension can help student loan borrowers keep flexibility for income recertification

Like the show? There are several ways you can help!

Feeling helpless when it comes to your student loans?

Do you have a question about student loans? Leave us a voicemail here or email us at [email protected] and we might feature it in an upcoming show!

  continue reading

389 episodes

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