Just finished my taxes and only owed $100 in Federal!

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  • #80707 Reply
    Micaylee

      On that note though, our taxes are simple but we are high earners (I.e. we pay a ton of taxes at the end of the day). Would it be worth it to get a tax pro for next year to see if I can bring my overall tax bill down?

      Is that even possible if you’re just a straight W-2 employee?

      #80708 Reply
      Brett

        I owe just a shade under $16,000, LOL. I was prepared. I rolled over a bunch of traditional and converted it to Roth while the market was way down and saved a TON of money. Thanks to my Smart Vestor Pro!

        #80709 Reply
        Chris

          Depends on the “tax pro”. It doesn’t take much to hang out a shingle as a tax preparer. In general you get certified to operate the commercial version of TurboTax (called Intuit Pro Series) and boom, you’re a “tax pro”.

          Instead you should talk to a financial planner about ways to protect your income. It’s not about filing your taxes different, it’s about planning the most efficient use of the money you earn.

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