Rich Girl Roundtable (with a CPA): Tax Deductions, MFJ vs. MFS, & Credits if You DON'T Own a Business

The Money with Katie Show

Money with Katie

Investing, How To, Self-improvement, Business, Education

4.8 • 1.3K Ratings

🗓️ 15 January 2024

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Many of you wanted to know: What deductions can I look into to lower my tax burden if I’m not a business owner? We’re bringing back Tim Steffen, a CFA, CFP, and CPWA at Baird Wealth, for another Rich Girl Roundtable. Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week. Transcript, show resources, production credits and more can be found at https://moneywithkatie.com/tax-deductions-non-business. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Rich Girl Roundup.
0:02.0	Banda!
0:03.0	Woe!
0:05.0	I love it!
0:07.0	Your best bet.
0:08.0	Go back to your employers,
0:09.0	will you cover some of my expenses as an employee?
0:11.0	Katie, the answer is no.
0:12.8	Oh, no, I'm just kidding.
0:17.2	Welcome back, Rich Girls and Boys, to the Rich Girl Roundtable, weekly discussion of the
0:21.8	Money with Katie Show. I'm your host Katie Yatti
0:24.4	toss and every Monday morning we discuss a relevant money topic a little more
0:28.9	casually than we do in our Wednesday deep dives although I'm not sure how
0:32.0	casual you can make tax talk,
0:34.3	and that's where we're going today.
0:35.8	So here is a quick message from our sponsors. This episode was brought to you by domain money.
0:46.0	We get lots of emails asking for specific financial advice,
0:49.0	but I am not a certified financial professional.
0:52.0	So I was on the hunt for a flat fee CFP service
0:56.2	whose financial philosophies align with mine. And then I met Katie Song of domain money and her team of CFPs.
1:05.9	From our first meeting I was sold on her perspective so I went through their
1:09.7	process to test it out and we didn't start with asset allocation or a budget. We started with my
	...

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