meta_pixel
Tapesearch Logo
Log in
Money Guy Show

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

Education, Investing, Business

4.73.1K Ratings

🗓️ 26 April 2023

⏱️ 28 minutes

🧾️ Download transcript

Summary

Tax season is over for most of us, but that doesn’t mean it’s time to stop thinking about your taxes! Planning out your tax strategy in advance can save you time and money on your taxes. In this Q&A, we’ll discuss the line items on your return to pay attention to and how you can optimize your return. Jump start your journey with our FREE financial resources Reach your goals faster with our products Take the relationship to the next level: become a client Subscribe on YouTube for early access and go beyond the podcast Connect with us on social media for more content Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

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.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.