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محتوای ارائه شده توسط Travis Hornsby. تمام محتوای پادکست شامل قسمت‌ها، گرافیک‌ها و توضیحات پادکست مستقیماً توسط Travis Hornsby یا شریک پلتفرم پادکست آن‌ها آپلود و ارائه می‌شوند. اگر فکر می‌کنید شخصی بدون اجازه شما از اثر دارای حق نسخه‌برداری شما استفاده می‌کند، می‌توانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal
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Married Filing Separately Traps to Avoid

28:08
 
اشتراک گذاری
 

Manage episode 510197490 series 2471867
محتوای ارائه شده توسط Travis Hornsby. تمام محتوای پادکست شامل قسمت‌ها، گرافیک‌ها و توضیحات پادکست مستقیماً توسط Travis Hornsby یا شریک پلتفرم پادکست آن‌ها آپلود و ارائه می‌شوند. اگر فکر می‌کنید شخصی بدون اجازه شما از اثر دارای حق نسخه‌برداری شما استفاده می‌کند، می‌توانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal

Just in time for tax season, I’m unraveling the complex tax strategy of married filing separately. You might have heard that it’s a game-changer, especially for folks with student loans. But it’s not at all straightforward. You’ll learn the dos and don’ts, and I’ll uncover tips to help you avoid costly mistakes and even find some savings along the way. We’ll talk about everything from how your and your spouse’s income can play a huge role to unexpected losses like tax credits and deductions. Also, if you're juggling things like adoption expenses, dependent care credits, or figuring out the best way to handle your retirement contributions, I've got you covered. Student loan borrowers on an IDR plan, don’t miss the best tip: find out how delaying your tax filing just might be in your best interest.

In today’s episode, you'll find out:

  • Why married filing separately might lead to higher taxes, especially with uneven incomes
  • How filing separately affects ACA subsidies and Medicare premiums
  • The effect on tax credits and deductions, including those for dependent care and education
  • Challenges with Roth IRA contributions when filing separately, including backdoor strategies
  • Why filing separately is different in common law versus community property states
  • How filing separately can interfere with small business deductions and credits
  • Why delaying tax filing can save you money on income-driven student loan repayments
  • Tax consequences for borrowers in loan forgiveness programs when filing separately
  • The cost and benefits of professional tax services combined with financial planning
  • How inaccurate income reporting can leave you vulnerable to audits and penalties

Links mentioned:

Get profession-specific tax help with SLP Wealth

Like the show? There are several ways you can help!

Feeling helpless when it comes to your student loans?

Do you have a question about student loans? Leave us a voicemail here or email us at [email protected] and we might feature it in an upcoming show!

  continue reading

411 قسمت

Artwork
iconاشتراک گذاری
 
Manage episode 510197490 series 2471867
محتوای ارائه شده توسط Travis Hornsby. تمام محتوای پادکست شامل قسمت‌ها، گرافیک‌ها و توضیحات پادکست مستقیماً توسط Travis Hornsby یا شریک پلتفرم پادکست آن‌ها آپلود و ارائه می‌شوند. اگر فکر می‌کنید شخصی بدون اجازه شما از اثر دارای حق نسخه‌برداری شما استفاده می‌کند، می‌توانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal

Just in time for tax season, I’m unraveling the complex tax strategy of married filing separately. You might have heard that it’s a game-changer, especially for folks with student loans. But it’s not at all straightforward. You’ll learn the dos and don’ts, and I’ll uncover tips to help you avoid costly mistakes and even find some savings along the way. We’ll talk about everything from how your and your spouse’s income can play a huge role to unexpected losses like tax credits and deductions. Also, if you're juggling things like adoption expenses, dependent care credits, or figuring out the best way to handle your retirement contributions, I've got you covered. Student loan borrowers on an IDR plan, don’t miss the best tip: find out how delaying your tax filing just might be in your best interest.

In today’s episode, you'll find out:

  • Why married filing separately might lead to higher taxes, especially with uneven incomes
  • How filing separately affects ACA subsidies and Medicare premiums
  • The effect on tax credits and deductions, including those for dependent care and education
  • Challenges with Roth IRA contributions when filing separately, including backdoor strategies
  • Why filing separately is different in common law versus community property states
  • How filing separately can interfere with small business deductions and credits
  • Why delaying tax filing can save you money on income-driven student loan repayments
  • Tax consequences for borrowers in loan forgiveness programs when filing separately
  • The cost and benefits of professional tax services combined with financial planning
  • How inaccurate income reporting can leave you vulnerable to audits and penalties

Links mentioned:

Get profession-specific tax help with SLP Wealth

Like the show? There are several ways you can help!

Feeling helpless when it comes to your student loans?

Do you have a question about student loans? Leave us a voicemail here or email us at [email protected] and we might feature it in an upcoming show!

  continue reading

411 قسمت

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