4.8 • 770 Ratings
🗓️ 29 April 2021
⏱️ 42 minutes
🧾️ Download transcript
It’s tax time. Get ready for hair-pulling, nail-biting and double-checking numbers so you don’t upset the IRS. Luckily, I’m here with everything you need to know this tax season, from COVID’s impact to the different tax websites you can file through. We’re talking about loans, finding your tax rates, common pitfalls and more with Rachel Cheek, a certified public accountant.
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0:00.0 | Why did the toe to evade his taxes? It was curmitting frog. Ah, yeah, bad one. Yep, tax season's upon us, so dust off your calculators and start hopping online. A lot of people get really nervous around taxism. Did you know that Americans spend around 1.7 billion hours on their taxes each and every year? |
0:22.2 | That's right. According to ProPublica, we spend around 1.7 billion hours. Wow. I had to tell you that |
0:29.2 | twice just in case you felt dizzy the first time that you heard that number. I know I sure did. |
0:33.7 | So get ready to sink some time into your taxes, unless you're really, really lucky and you're |
0:37.7 | listening from Estonia. That is, the Atlantic says it takes the average Estonian five minutes to |
0:43.6 | complete their taxes. Could you imagine that? And if you're listening here in the United States of |
0:47.2 | America, it's a totally different story thanks to lobbyists. Well, more on that later. Basically, |
0:52.5 | those of us here in the United States, we |
0:54.3 | spend a ton of time and money during tax season, and don't get me started on all the stress. |
0:58.7 | I mean, strain on your eyeballs, double checking every number that you enter or that you write |
1:03.1 | down, and you have to pray that you don't make a mistake. Otherwise, the IRS can come for you, |
1:08.8 | and nobody wants that to happen. |
1:11.6 | Hey, thanks for joining us here on Tech You Should Know, where we guide you through the thorny jungle. |
1:15.8 | That's this digital world that we live in. |
1:18.0 | And today, we're going to be tackling something that we all have to deal with. |
1:21.4 | That's right, taxes. |
1:22.8 | It's a complex issue shaped by wealthy lobbyists and confusing guidelines. |
1:26.7 | There are just a slew of websites where |
1:28.8 | you can file your taxes through turbotax, H&R, or the many different sites on the official IRS |
1:34.5 | website. But how do you navigate through this sticky web? How do you watch out for scams? |
1:39.4 | How do you know that you're really deducting every single thing that you can on your taxes, |
1:44.8 | especially this year because of the whole pandemic. |
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