02.02.23 Tax Filing Options: A Clark Guide / Maximize Your Savings

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 2 February 2023

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Tax season time and documents are rolling in. Hiring a CPA, using Free File, TurboTax… you have filing options. Clark helps you choose the right one for your circumstances. And what is Return Free Filing and why don’t we have it in the U.S.?! Also, Americans in just 90 days lost a collective $42B in interest they would have earned taking their money out of Gang of 5 big bank savings accounts and placing it in higher yield accounts. Want to earn 20 times more interest? Tax Filing Options: Segment 1 Ask Clark: Segment 2 Max Your Savings: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Barrons.com: Return-Free Filing Would Revolutionize Americans’ Taxes IRS Free File: Free State and Federal Tax Filing Options for 2023 When to hire a tax professional - Clark Howard Community When Should You Get an Accountant To Do Your Taxes? Enrolled Agents | Internal Revenue Service What Is a Fiduciary Financial Advisor and Do I Need One? How To Find and Choose a Financial Advisor Americans Missing Out on Billions in Interest - The Wall Street Journal. 2023's Best Savings Accounts - 5 Best Savings Accounts 2023 How To Switch Banks in 4 Simple Steps Best Balance Transfer Credit Cards: Top Picks for 2023 Fidelity Roth IRA for Kids Clark.com resources Episode transcrips 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

Click on a timestamp to play from that location

0:00.0	Have you ever been caught out by payments you've forgotten about?
0:03.2	Join over 2.5 million customers who are already using the Lloyd's Bank Upcoming Payments
0:08.2	tool on our app.
0:09.8	It gives you early sight of regular payments that are due to leave your account in the
0:14.0	next 31 days to avoid any surprises.
0:17.8	It's just one of our many useful tools that can help you stay on top of your money.
0:22.4	To find out more, go to Lloyd'sbank.com forward slash cost of living.
0:27.0	Lloyd's Bank by your side.
0:57.0	How do you decide when you're going to hire a CPA who does tax or an enrolled agent?
1:04.4	Or when you're going to buy a software program?
1:07.6	When do you use free file from the IRS?
1:11.1	There's all such a difficult jumble for us to decide.
1:14.9	I'm going to give you some guidance on that.
1:18.0	Also in this episode, do you know what you're earning in your savings account?
1:24.0	Most people have no clue.
1:26.5	I want to make sure that you are maximizing what you can make on your money because we
1:31.9	got all the habit of this for the nine years money and savings was earning basically nothing.
1:40.6	Now it's earning money again unless you leave it sitting behind.
1:45.2	Okay, we got to talk.
1:47.7	The IRS still has, apparently, more than 10 million returns from last tax year that they
1:58.4	still haven't processed.
2:01.1	And here we are in February in the next tax year.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Clark Howard, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Clark Howard and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.