2016 Tax Olympics: How To Not Miss Out on Tax Savings (Day 4)
2016 Tax Olympics:
How to Not Miss Out on Tax Savings (Day 4)
How to Not Miss Out on Tax Savings (Day 4)
I rarely say a bad word about the IRS. IRS employees are regular people like you and me doing their job to feed their families. It is not their fault that our political system is horrible. I almost became an IRS agent but then they were hit with budget cuts and freeze hiring. I respect the IRS but that doesn't means that I believe you should pay them a penny more than you have too. There are thousands of tax credits and deductions. It is up to you to take advantage of all tax deductions that are made available to your tax situation. This blog post will not be a list of possible tax deductions. This blog post will discuss three ways to find out about tax credits and deductions. Stop being lazy and put some work into saving more money!
BRONZE MEDAL
This may sound like a shameless plug but hire an qualified tax accountant like myself (www.jstaxcorp.com). Most tax accountants offer tax planning services. The accountant will look into your unique situation and develop a tax savings plan. You will learn about different strategies to reduce your annual tax liability. Remember all tax accountants are not created equal. Make sure to do your research on the tax accountant before hiring. Make sure that the tax accountant can understand your tax situation and goals.
SILVER MEDAL
SPOILER ALERT: THE SILVER AND GOLD MEDALS WILL GO TO FREE OPTIONS (why am I so damn honest?!)
Don't want to pay for tax planning sessions? Well, we live in age of rapidly changing technology advances. For example, if you just Google "Tax deductions," you will get an overload of tax information. Put some effort in the search. If you are a teacher then Google "Tax Deductions for teachers." What if you want some type of human interaction but for free? The answer is to find local free tax seminars and workshops. I have done many free tax workshops and provided the audience with great information. There is never a shortage of free tax seminars especially around January. Public libraries almost always host some type of tax seminar during tax season time (January - April).
Don't want to pay for tax planning sessions? Well, we live in age of rapidly changing technology advances. For example, if you just Google "Tax deductions," you will get an overload of tax information. Put some effort in the search. If you are a teacher then Google "Tax Deductions for teachers." What if you want some type of human interaction but for free? The answer is to find local free tax seminars and workshops. I have done many free tax workshops and provided the audience with great information. There is never a shortage of free tax seminars especially around January. Public libraries almost always host some type of tax seminar during tax season time (January - April).
GOLD MEDAL
Stay tuned for tomorrow's Day 5 event: How to deal with ID Theft
Name: Jamaal Solomon
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