The Handy Tax Guy

Let me help you conquer your taxes, your money, and your financial freedom! #taxtips #savemoney #workfromhome

[The Handy Tax Guy @HandyTaxGuy]

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#bloglife #taxtips #blogtaxes

[The Handy Tax Guy @HandyTaxGuy]

@Experian @CaryCarbonaro @moneytalk1 @taynelawgroup @navicorePR @Rod_Griffin @Jennifer_Wwhite I hope everyone has a wonderful tax season! ☺️

[Navicore Solutions @navicorePR]

A8a: Paying January’s student loan installment in December can allow you to deduct additional interest, up to $25,000 annual limit. Income limits apply for this deduction: $85,00 for single filers and $175,000 for joint filers in 2024. #CreditChat

[Leslie H. Tayne, Esq @LeslieHTayneEsq]

A8: Prepaying expenses like property taxes or medical bills can increase deductions for the current year, lowering your tax bill. #CreditChat

[The Handy Tax Guy @HandyTaxGuy]

A10. Year-end tax tips: Max out retirement contributions, donate to charity, prepay bills, and check your withholdings. Small moves now = big wins later. Future-you will thank you! #CreditChat

[Symbiotic @Symbiotic_Union]

@Experian A1: because nothing ever gets done in that void after Christmas/new years 😂 all kidding aside, you need to make sure you are prepared for when tax season arrives #CreditChat

[Cary Carbonaro, CFP® MBA @CaryCarbonaro]

@Experian A7 No one likes surprises at tax time, like owing money or getting a smaller refund, make sure you are not overpaying or underpaying! #creditchat #cfppro

[Dr. Barbara O'Neill, CFP®, AFC®, CRPC, CPFFE @moneytalk1]

A8: Other items that can possibly be prepaid for tax deduction “bunching” are charitable donations, mortgage interest (make January payment in December), & medical expenses #creditchat

[Experian @Experian]

Q9. How does tax planning in December differ for self-employed people compared to those with regular jobs? #CreditChat

[Experian @Experian]

We're halfway through our taxes chat ft. @HandyTaxGuy, @CaryCarbonaro, @moneytalk1, @Taynelawgroup, @NavicorePR, @Rod_Griffin, and @Jennifer_wWhite. Join us! #CreditChat

[Cary Carbonaro, CFP® MBA @CaryCarbonaro]

@Experian A5 you can reduce your taxable income, but only if you itemize! Donating appreciated assets are the best to give because you get the deduction and avoid capital gains! It’s a win-win! #creditchat #cfppro @CFPBoard

[The Handy Tax Guy @HandyTaxGuy]

A9. Self-employed? Taxes are a DIY game! Track income, prepay taxes, and deduct business expenses like a boss. Regular job? Focus on W-2, withholdings, and retirement plans. Different rules, same goal: save! #CreditChat

[Christina Roman @Teena_LaRo]

A5. Yesterday was #GivingTuesday, but every day is a good day to give back to a cause you care about. A bonus is that it reduces your taxable income. #creditchat

[Cary Carbonaro, CFP® MBA @CaryCarbonaro]

@Experian A6 it’s good for carryovers on capital gains or under payments so you don’t get penalized on taxes! #creditchat #cfppro

[Experian @Experian]

Q8. What expenses can you make early payments on to help with year-end tax savings? #CreditChat

[The Handy Tax Guy @HandyTaxGuy]

A8. Prepay and save! Pay January’s mortgage or property taxes now, donate to charities, or settle medical bills to boost your deductions for 2024. Smart timing = tax savings. #CreditChat

[The Handy Tax Guy @HandyTaxGuy]

A7. Adjusting your tax withholdings now = no surprises later! Too much withheld? Get more in your paycheck now. Too little? Avoid a tax bill in April. It’s an easy win before the year ends! #CreditChat

[The Handy Tax Guy @HandyTaxGuy]

A6. Last year’s tax return is a goldmine of clues! Look at what you paid, deductions you missed, and any carryovers you can use this year. Spot patterns and plan better—it’s like learning from your tax mistakes! #CreditChat

[The Handy Tax Guy @HandyTaxGuy]

A5. Giving feels good AND saves you money! Donate to charity before Dec. 31 to snag a tax deduction. Bonus: Donating stock can save you on capital gains taxes too. #CreditChat

[The Handy Tax Guy @HandyTaxGuy]

A4. Pump up your retirement savings AND save on taxes! Contributions to 401(k)s or IRAs before Dec. 31 can shrink your tax bill. For 2024, you can contribute $23k to a 401(k) (+$7.5k if you’re 50+). Double win! #CreditChat

[The Handy Tax Guy @HandyTaxGuy]

@Experian A2. Don’t leave money on the table! December is perfect for tax-saving moves like donating to charity, contributing to your IRA, or paying medical bills. Bonus tip: Don’t forget teacher expenses or student loan interest deductions! #CreditChat