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How to Money

Tax Tips, Credits, and Deductions #053

How to Money

iHeartPodcasts

Investing, Education, Business

4.63.2K Ratings

🗓️ 16 January 2019

⏱️ 45 minutes

🧾️ Download transcript

Summary

Should you itemize your deductions or take the new increased standard deduction this tax season? Answer carefully as thousands of dollars could be on the line! Most folks will opt for hitting the easy button and take the standard deduction- however if you own a house, had some big medical bills last year, and gave money to charity, you should consider itemizing! Listen as we cover it in more detail, plus we break down the best way to make the most of your deductions through bunching. We also touch on tax credits- how they’re different than deductions and some big ones that everyone should consider!

During this episode we enjoyed a Dark Reckoning by Morgan Territory Brewing which you can find and learn all about on Untappd. A big thanks to Brent in California for sending us some delicious beers! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts, Castbox, or wherever you get your podcasts- we’d love to hear from you.

Best friends out!

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Transcript

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0:00.0

I'm Israel Gutierrez. I'm hosting a new podcast called Four Years of Heat. It takes you to Miami from 2010 to 2014

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They're all real women who were left out of your history books.

0:52.1

You can hear these stories and more on the Womanica podcast. Check it out on the I Heart Radio app, Apple Podcasts, or wherever you listen.

1:02.8

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And what makes them so iconic? Becoming an icon.

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Is a podcast chronicling the journey of how today's most famous Latin stars have shaped pop culture and the world.

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Presented by us, Joseph Carrillo and Liliana Vazquez. Listen to Becoming an Icon on the I Heart Radio app, Apple Podcasts, or wherever you get your podcasts.

1:32.6

Welcome to How to Money. I'm Joel and I am Matt and today we're discussing tax tips, credits and deductions.

1:44.5

Hey Joel, I wanted to share with you. It's beginning of the year. Still, sort of. It's January.

2:04.7

Accurate. And we kicked it off this year man with some new internet service. I'm talking about you save some money by switching.

2:11.2

Dude, yeah, so I had been totally slack and we had been with XFINITY for close to a year now at the non promotional rate because the you know the promotional rate expired and we've been busy with life and dude I didn't get to that for a whole year.

2:24.7

That is like the complete opposite of me. I'm so was all my radar but finally I was just like I can't keep paying 70 bucks for crappy internet which is what I was doing.

2:34.6

Dude, we're paying 70 bucks a month for 30 megabits per second and 18T had this deal going around and it was 40 bucks for 300 megabits per second.

2:44.0

That's a little bit faster. It's way more than a little bit faster and a good bit cheaper. Dude, it is amazing. And what's crazy and this is a little throwback to the episode 18 where we had talked about the art of asking for a discount.

2:57.7

But man, I contacted Comcast or XFINITY whatever, twice to see if I could negotiate and I was willing to walk away and they wouldn't budge at all. Isn't that crazy?

3:09.2

You had to do what you had to do man. Yeah, I got to move on. Well, so the first time I was just expecting them to cave a little bit because I thought okay 15, 20 megabits per second it's fine.

...

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