Happy Tax Season!
So have you done your tax return yet? Well, what are you waiting for? Especially since the average refund was almost $2,800 last year, go get your money back now!
Odds are good, you've felt a nice little increase in your paycheck thanks to the 2017 passage of the Tax Cuts and Jobs Act, which among other things, cut income tax rates.
Watch the video below to learn more about how that should affect your paycheck.
But with tax season upon us, we want you to keep all that extra hard earned money in your wallet.
So from now until April 17, the tax deadline, we're going to help you do exactly that.
If you have any burning questions, be sure to reach out @tracybyrnes and we'll be sure to get them answered.
In the meantime, we know you're busy, so consider this your tax cheat-sheet, thus far!
File for Free
To start, did you know you can probably file for free.
This year, if your 2017 adjusted gross income was $66,000 or less, you have plenty of free options. So watch our video below for all the details and then check out the free file section of the IRS site.
Home Office Deduction
Do you work from home in your fuzzy slippers? (Check out mine in the video below!)
If you work from home and don't have an office anywhere else, you may qualify for the home office deduction.
And while many folks think it's an audit red flag, if you legitimately meet the rules, you should take the deductions!
So how do you meet the rules? Watch our video above!
Crypto TaxesAnd finally, if you're brave enough to trade cryptocurrencies, hats off to you!
But beware that any gains from those trades are taxable and you are going to need to fill out some new forms.
What forms? Watch our video below!