Tax Mistakes to AVOID in 2024 (Part 1)

 

Today’s Hack

It’s that time of year! With tax season right around the corner, it’s the perfect time to dive into some tax tips on the podcast. Tune into this two-part series where we dive into a fidelity article titled “8 Tax Pitfalls to Avoid,” and get Phil’s thoughts as a CPA.

From missing investment income to poor record-keeping, Phil breaks down the importance of these tips and how they can impact your finances during tax season. Stay tuned for next week’s episode, where we’ll cover the remaining tax mistakes mentioned in the article. Don’t miss out on this valuable advice to help you navigate tax season smoothly!

Here’s what we discuss in this episode:

1:43 – Missing investment income

3:30 – Selling too soon

5:33 – Poor record-keeping

7:56 – Forgetting losses

Fidelity Article:

https://www.fidelity.com/learning-center/personal-finance/tax-pitfalls?ccsource=email_monthly&mbox3rdPartyId=&mboxConvType=VPEmailClick&mboxCID=VM0224&pixelType=vpm&sfip=&sfCampaignId=16797&sfCellCode=169

 

If you have any questions about what we discussed in this episode, reach out and we’ll be happy to set up a time to talk.