Rich Girl Roundup: Got a W-2 and 1099? Check Out These Tax Tricks

The Money with Katie Show

Money with Katie

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

4.8 • 1.3K Ratings

🗓️ 13 November 2023

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

If you've got a W-2 job and earn 1099 income, there are some worthwhile opportunities to consider in order to lower your burden this #taxszn. Save your hard-earned dollars with these hacks. 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. Reminder: While we love diving into investing- and tax law-related data, we are not financial professionals. Please do your own due diligence. Transcripts, show resources, production credits, and more can be found at: https://moneywithkatie.com/rich-girl-roundup-debt-deep-dive. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Rich Girl Roundup!
0:04.0	Woo, what happened?
0:07.0	How much would you say that you have saved or deferred via these two accounts away from your tax burden?
0:13.0	Probably like $80,000?
0:20.0	Oh my god, damn.
0:23.0	Welcome back Rich Girls and Boys to the Rich Girl Roundup weekly discussion of the Money with Katie Show.
0:28.0	I'm your host, Katie Gatti Tassanne, and every Monday morning, Hannah and I dig into an interesting money discussion.
0:36.0	Here is a quick message from the sponsors of this segment.
0:44.0	Entrepreneurs with successful e-commerce empires deserve plenty of props, but in reality their commerce platform deserves its own glory.
0:52.0	The truth is, your commerce platform can make or break your business.
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1:42.0	Okay, so this week's upcoming main episode is about the history of the nine to five work day.
1:49.0	If a four day work week is a feasible option economically and the issues of American not taking their vacation time onto the roundup.
2:00.0	Hanna, how are we doing today?
2:02.0	I'm great. I'm excited for that episode because I think it was made for me, but this week's question is a case study of sorts.
2:09.0	And one I can also relate to. So the question is, how does having two sources of income affect your tax burden?
	...

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