How to Save Thousands of Dollars in Taxes in 2024
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 26 April 2023
⏱️ 28 minutes
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| 0:00.0 | How to save thousands with that freshly-minute tax return. |
| 0:04.5 | I'm excited about this because we know everybody hates paying taxes. |
| 0:15.0 | It's just something that none of us get super excited about. |
| 0:17.2 | So if we can share some tips and tricks for you to hopefully save thousands off of next |
| 0:23.6 | year's tax return, I get excited about sharing that effort. |
| 0:26.4 | Yeah, think about this. |
| 0:27.4 | It's one of the first most powerful tools whenever I'm working with a brand new client |
| 0:31.4 | that's going to give me that tax return because if you can show me your tax returns, a lot |
| 0:35.7 | of times it gives me the clues to know how I can help these people do a better job with |
| 0:41.7 | their personal finances. |
| 0:43.1 | Instead of keeping that a secret or just something we use as part of our craft, why not share |
| 0:48.0 | it with the money guy family? |
| 0:49.2 | This is a great time to do this because we all likely just got back our tax returns. |
| 0:53.6 | You very easily look at last year's return and we want to walk you through how to look |
| 0:57.9 | at last year's return to do some planning for this next year moving forward. |
| 1:01.8 | So Brian, let's jump into the first one just kind of exciting interest, which you say, |
| 1:06.2 | okay, well, I don't, it doesn't seem like something exciting. |
| 1:09.3 | I would argue differently. |
| 1:10.9 | Interest is something that is now exciting on your tax return. |
| 1:13.7 | Yeah, cash is not trash anymore. |
| 1:15.6 | You can actually make good interest income from what's going on with your cash reserves. |
| 1:22.4 | So I want you to look at your tax return. |
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