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Tax Lady's Tips

The "Tax Lady" has tips to get more of your money back in your pocket.







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" April 15 tax time right get stressed that the day gets closer. Well -- to the tax expert and author of attacks lady's guide to beating the IRS and state in big bucks on your taxes. We over paying that much seriously I think that if you in my step back and look at the math behind it the average taxpayer. Overpaid CI RS. By 2000 dollars single what you could buy with 2000 dollars especially in today's economy. So what I'm trying to do besides making taxes sexy he -- trying to educate people on what they need to know so they pay less money to the big bad wolf right they have more money in their pocket I was reading in the introduction not only about you saying that we overpay at least 2000 dollars a year to the IRS but that they'd know those forms are so complicated. People are just gonna say you know what I'll just write him a check and get it over with isn't it pathetic that we as Americans are willing to just send them. That 2000 dollar check why because we look at the form. And we freaked out and get scared him instead -- why I wrote that book is look at the form. As a way to make more money -- the more you know about taxes. The last you are going to pay so the -- to keep us from overpaying got a couple bullet points in the first one is charitable donations also behind how seriously uncle Sam likes homeowners -- and look at the deals that we have right now for home ownership. When you step back and we first start we charity. Charitable deductions -- not only good for the soul but they're good for the charity and you can deduct it right to wish you rather give to charity -- to the -- this of course I don't go home ownership we know that there are killer deals out there. That people are leaving money on the table when you go home you get to deduct what the interest and everything associated with that homes -- and a step back and say. Read the book learn a little bit about taxes. And let's save money and in this economy a lot of people are looking for jobs you can deduct the job in in search expenses as well as the other get a degree you can -- dispenses -- for going to school right let's talk about the millions of people that are unemployed. We can deduct the job hunting expenses whether it's resonate whether it's act placement. What about medical expenses think of the millions and millions of people out there. That do not have medical insurance here's the good news you're paying for the medical bills why not start deducting okay takes knowledge right. Get off the standard deduction and and start I -- my -- can take advantage of these wonderful deductions and pay less to the IRS is good I like you're very good also adopting it's rewarding but you can also deduct as well if you adopt a child -- talk about one of the best feel good credits around. Adoption I mean c'mon could you do anything I had and guess what you get to deduct it but you and I go back to something and that's what some basic education. Why do we spend more time on our Adams or organizing our shoe closet then we do on our tax. Year. -- Those forms are just confusing and they're not find. And people would just rather say you know let someone else -- by the way you say we can deduct the cost of tax preparation as well let's forget that certainly we know that we can hire attacks -- to prepare those returns in the docket but this is what people need to know the IRS is desperate -- gonna start auditing small business owners. At unprecedented rates so we cannot in desperate times liar and our tax return we gotta make sure that whatever put on that return. We can -- thanks a lot Ronnie and made sure to pick up a copy of running book again it's called attacked lady's guide to beating the IRS it's available now."

" Thanks for watching better done TV for more stories like the one you've just sell off kept the television program better every -- day check your local TV listings to see it better. City."

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in new updates and she's. Certainly love your point about deductions and tax credits and where to learn about them IRS dot gov has an outstanding website. All you would do is go there and -- deductions or credits so important issue Roger because the laws have significantly changed. And now there's so many more ways to save money on your tax return . But you won't safe unless you know and I do the research go to IRS dot gov and you'll learn so much on how to save on your tax money to write the last two points you have to make sure that he signed everything. And it makes you keep copies of everything as well as they might come attacking me to have a group in this case is so important -- to discuss the iris has confirmed with all of us are going to increase on it's because their throat you and I know this. So in order to get revenue what do they do. They scrutinize your tax return they've got to make sure that if you've claimed the earned income tax credit. Or the new homebuyers tax credit. You can
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