01.04.24 A New Way To SPEND LESS / TAXES: The New Direct File Program

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 4 January 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

The resolution to spend less can yield multiple benefits and there are various approaches. Clark explores a method called financial fasting. Also today, the U.S. is slowly adopting a method to simplify taxes, used by most other developed countries. See if this free online direct tax filing service called Direct File could work for you. Financial Fasting: Segment 1 Ask Clark: Segment 2 IRS: Direct File: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Financial Fasting Can Trim the Fat From Your Spending What Is Umbrella Insurance and Do You Need It? How To Find Cheap Flights in 3 Easy Steps 13 States Sign On to IRS Direct File Pilot Program IRS plans to launch free tax filing pilot program in 13 states next year Will an IRS Tax Prep Service Replace H&R Block or TurboTax? 4 Things You Should Always Pack in Your Carry-On Should You Buy an Extended Warranty on Your Car? Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This episode is brought to you by Oracle.
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0:20.0	Do more and spend less, like Uber 8 by 8 and Data
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0:28.6	slash enhance. It's so great to have you here on the Clark Howard show. You know our mission is all
0:39.7	about serving you with advice and information that empowers you so you make better
0:46.0	financial decisions in your life. In this new year there's a resolution that has a name that I was not familiar with but is something I've talked
0:56.8	about for a good while a way for you to take more control of your spending and think about how common with
1:07.2	New Year's resolutions they are about getting spending under control. I want to
1:12.3	explain to you something I've talked about for a long time and now it has a catchy term for it.
1:19.0	And if you're already thinking about last year's tax return,
1:25.5	you have to do sometime here in 24
1:28.7	and if you're an early filer
1:30.1	because you're getting a refund,
1:31.7	there's something I want you to know about that is a new pilot
1:36.1	program that's available in about a quarter of the nation states this year as part of a pilot. So I've talked about the no stores, no online in the past, but I never had a fun term for it and now there's a catchphrase for it called
1:56.5	financial fasting and when I have done in the past in my TV work when I've done stuff with couples who have
2:07.0	spending issues that are tearing at the fabric of the marriage.
	...

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