4.7 • 1.1K Ratings
🗓️ 21 March 2022
⏱️ 10 minutes
🧾️ Download transcript
It's that time of year again, and April 15th looms! Taxes are due soon, and perhaps no other financial topic generates as much confusion and as many questions. To that end, Jesse answers questions about taxes from YNAB listeners who wrote into the show. As with any tax question, when in doubt it's always best to contact a tax professional!
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0:00.0 | Hello, Wineappers. My name is Jesse Meakin with another episode of The Wineapp Podcast, |
0:08.8 | where we teach you four rules to help you stop having paycheck to paycheck, get out of |
0:12.0 | debt and save more money. One of the ways that freaks me out in which you can save or spend |
0:19.2 | just inordinate amounts of money accidentally is with taxes. Totally mortifies me. I've |
0:24.5 | talked about that before. I've had Casey, my tax advisor, on the podcast before here, and then |
0:29.1 | Mark and I over at the beginning balance more business-oriented podcast had Casey on for a |
0:35.0 | series over there, which was excellent. I am going to attempt to answer a few questions related |
0:40.4 | to taxes today, all with the caveat that you seek professional advice. And that doesn't mean |
0:45.6 | Googling. That means legitimate professional advice. But I can maybe steer you in the right |
0:51.3 | direction to start seeking that advice and we'll hope to do so today. If you want just kind of a |
0:57.4 | high level overview of taxes and how the situation may apply to you specifically, I highly suggest |
1:06.4 | that you jump over to the beginning balance podcast and listen to those episodes where Mark and I |
1:10.8 | grill Casey, who is a tax professional on all things taxes. It's pretty fun as far as |
1:18.5 | taxes go. Chrissy asks, is there any reason to pay to get your taxes done when you can just use |
1:25.0 | free programs? If you have a simple tax situation, my word used the free programs. For instance, |
1:31.1 | I was trying to do my son's taxes, help him, and kind of show him how it worked. And his situation |
1:36.7 | is a W2 or a couple W2s. He has no deductions, nothing. You just answer questions, boom, boom, |
1:43.0 | boom. We use turbo tax from into it and done. That was it. You really can, if you play your cards |
1:49.6 | right and you don't upgrade when they say you should upgrade, you can do it for free. And for some |
1:53.1 | states, it can even be free. For super simple taxes, you can also download a paper form and |
1:59.2 | go the old, old, old school way. I wish more states would make just their forms a little easier to |
2:05.7 | use, but it is what it is. So yeah, if you have simple tax situation, then I think the software, |
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