Dear ,
I guess everybody loves a nice, huge refund. But we got to talk about its composition.
- A refund could just be the IRS returning excess taxes you paid from your paychecks during the year. OR
- A refund could be because your deductions and refundable tax credits exceeded taxes owed. So, the IRS will refund you the difference.
With number 1, you do not gain anything because the IRS is returning your money.
With number 2, you gain money because it is money you earned by implementing tax strategies. You did not have this money before, but now you have earned it.
So, number 2 is what you use to save money on taxes and even increase your income for the year, which helps you build generational wealth.
Right now, the question you should be asking is, how do I get these deductions and refundable tax credits?
If that’s you asking this, you and I got to talk. I am an IRS ENROLLED AGENT trained to help you identify all these tax loopholes and use them to earn refundable credits and deductions, which increase your refund and income for the year. To talk to me, go to my LINK TREE and click “Want Me to File Your Taxes?” to get started.
I am the tax professionals you should be asking tax questions. Hurry now.
Ps: The office will be closed until July 5th to celebrate with our family our Independence day, July 4th, 2022. We will be back on Tuesday, July 6, 2022.
