Episode notes
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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