Be Ready For These 10 Tax Surprises, Ep #213
Update: 2024-04-08
Description
So many of us will be hoping for no tax surprises when preparing our tax returns this year.
This is why we want to provide you with a list of common tax surprises to watch for.
After working with hundreds of clients to prepare their tax returns, we’re sharing the latest tax surprises we see that could be helpful to know when completing your tax return this year.
Outline of This Episode
- [0:42 ] The Slott Report
- [2:39 ] Inheritance surprises
- [6:51 ] Credit card rewards
- [8:10 ] Interest income increases
- [10:54 ] Income earned in different states
- [12:32 ] 1099Ks
- [14:14 ] Underwithholding from your W4
- [15:56 ] Forgotten statements
- [17:32 ] Double taxation on the Backdoor Roth
- [19:49 ] Underpayment penalty
- [21:14 ] The K1 for small business owners
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📬 Get our Retire On Purpose Guide here.
📰 See the full show notes here
🌐 Explore the Retirement Podcast Network here
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