Guess what besties, tax season is upon us! In today’s episode of Networth and Chill, Vivian demystifies the tax code and reveals proven strategies to maximize your refund. Learn the costly mistakes that drain thousands from taxpayers' pockets each year, and discover how to keep more of your hard-earned money throughout the tax year. Whether you're a seasoned filer or new to taxes, you'll walk away with actionable tips to optimize your financial future. Remember: Tax Day is April 15 – don't miss the deadline to file or request an extension!
Want to file your taxes for free? Check out https://www.irs.gov/filing/irs-free-file-do-your-taxes-for-free
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00:00:00 Common Tax Filing Mistakes and How to Avoid Them
00:02:58 Understanding Marginal Tax Rates with a Pizza Analogy
00:05:51 Common Tax Filing Mistakes and How to Avoid Them
00:08:38 Elon Musk on Government Efficiency and IRS Direct File Program
00:11:40 Free Tax Filing Options: IRS and Partners
00:14:24 Importance of Filing Taxes on Time
00:16:59 Maximize Your Tax-Advantaged Accounts (IRA, Roth IRA, 401K)
00:19:46 Maximizing Employer 401(k) Match Benefits
00:22:30 Tax Season Preparation Tips
00:25:05 Financial Insights with Your Rich BFF