4.8 • 770 Ratings
🗓️ 17 February 2022
⏱️ 34 minutes
🧾️ Download transcript
The IRS has new changes including the $600 rule, WFH deductions, child tax credits and more. In this episode, tax accountant Rachel Cheek and I dive into the many ways deductions, forms, social media and rules will impact your 2021 tax return.
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| 0:00.0 | Today we're going to talk about one of the most fun and exciting topics ever. |
| 0:11.2 | Taxes. Woohoo! Yes! |
| 0:14.7 | All right. I'm kidding. Obviously. Doing your taxes about as fun as fixing problems after a major Windows update does a number on your |
| 0:21.9 | system. Now, you do have to file your taxes. Commit tax evasion and the IRS will throw your butt into |
| 0:28.0 | jail. It's tiny, but it's cozy. Let's just hope your roommates really nice. Take liberties with your |
| 0:34.2 | tax calculations and you could get in big trouble too. Reminds me. |
| 0:38.2 | Maybe you know this answer. |
| 0:39.4 | What do you call a game where Mario does his taxes in the ocean? |
| 0:43.5 | Super Mario Auditcy. |
| 0:45.7 | Oh, I know that's bad. |
| 0:47.8 | Well, here's a ray of sunshine. |
| 0:49.0 | Your tax return this year should be a lot easier to file than, say, in 2021. |
| 0:53.3 | And you have a lot of different tax programs |
| 0:55.2 | to help you out. Say you just want a quick and easy tax experience. TurboTax makes filing a streamlined |
| 1:01.1 | relatively speedy process. The downside, if you do not have a simple return, it's going to cost you. |
| 1:07.5 | On the other hand, free tax USA is a great option if you want to file for cheap. |
| 1:12.5 | It only costs around $15 to file your state taxes. Free Tax USA promises that you're going to get |
| 1:17.7 | the same calculations and tax refunds as the more expensive services. So if you, and here's |
| 1:24.3 | something else to know. Did you file with H&R Block or TurboTax last year? Not a problem, |
| 1:29.1 | they say. You can just import all the data. And speaking of H&R Block, they're pretty easy to use too, |
| 1:34.8 | and pricing is super straightforward. That's a big contrast to TurboTax, which can be a bit, |
| 1:40.7 | let's just say, nebulous when it comes to pricing. H&R Block also comes with downloadable |
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