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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:

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