Tax season got you scratching your head? Let's clear the fog. Join me and Rebecca Bauldauf, CPA, CCFC, from the SLP Wealth tax team, as we navigate the maze of taxes, student loan planning, family dynamics, and long-term financial strategies. Whether you're flying solo or juggling the finances of a growing family, you'll discover actionable tips that could lead to substantial savings, from the ins and outs of tax service fees to strategies for retirement savings and dealing with the IRS. And if you're in search of a long-term financial ally, learn how to find the right tax help that aligns with your goals. Get ready to reshape your financial approach and transform your tax strategy!
In today's episode, you'll find out:
- The hidden impact of commoditized tax prep services
- When higher CPA fees become worthwhile for complex tax situations
- Advantages of hiring different firms for their practice and personal tax returns
- Two crucial financial moves for low-income earners
- How marriage changes your tax game, tax filing status and student loan payments
- Smart retirement savings strategies that factor in PSLF and employer matches
- Key steps for residents to maximize their tax bracket and student loan situation
- The secret weapon of the 1040-X form in tax filings
- How to navigate 'married filing separately' in community property states
- If you should link your student loan account to the IRS or manually certify income
- How tactical contributions to retirement accounts can make a huge difference in your student loan repayment journey
- Why coordinating tax and financial planning teams improves your financial position
- Pros and cons of filing taxes separately for childless couples with student loans
- The importance of long-term tax planning regardless of income level
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Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!
