Mar 30, 2023
With Tax Day right around the corner, we wanted to record a timely episode to answer your tax questions for 2023. In fact, tax filing season might look a little different this year than it has in years past. In today’s episode, we’re going to cover some common tax pitfalls and how to avoid them.
We’ll dive into some interesting statistics on tax filing in the U.S. and talk about some recent bills and rule changes that you need to be aware of before filing this year. Should you hire a professional accountant to file your taxes? What happens if you push off filing your return? We’ll answer all these questions and more. Join Nancy for this informative episode so you can make the most of filing your taxes this season.
Here’s some of what you’ll learn in this episode:
- We might see smaller refunds and jolting capital gains tax this year. (0:57)
- Some interesting statistics on tax cheating. (3:38)
- The tax change bill in 2018 that made it more difficult to itemize charitable donations. (5:32)
- Should you hire a professional accountant to file your taxes? What statistics are showing about filing taxes through software programs. (8:33)
- The consequence of putting off filing your return. (12:15)
- The new rules for taking money out of inherited IRAs. (18:00)
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