With inflation driving up prices and straining our budgets, we’re all looking for ways to save money. That includes increasing our take home pay by reducing the bite taken out of our paychecks by the government.
That’s why in this episode of the podcast I wanted to talk about ways in which you can increase your tax deductions and decrease your taxable income. Also, because people are often afraid to do this because they fear an audit, I will also talk about audit red flags and how to avoid them.
In this episode you will learn:
- How your college education can help pay your taxes
- How to leverage state sales tax to lower taxes
- How personal mortgage insurance can help
- How unreported income and mistakes can lead to an audit
- How the home office deduction can get you in trouble
Although unemployment is low these days, there are many that are warning that we are headed into a recession, and that not only will the hot job market cool, but that layoffs may be headed our way.
In addition, many companies that have made offers have since withdrawn them, often with people who accepted those offers having given notice at their previous job. That’s why in this episode of the podcast, I wanted to talk about what you should do if you should lose your job, or how to prepare for it if you think it will be happening in the near future.
In this episode you will learn about: