Understanding Your Taxes: The Basics

Taxes can be complex and confusing, but it"s important to understand them so you can pay the correct amount and take advantage of all the deductions and credits you"re eligible for. In this episode, we"ll cover everything you need to know about your taxes, from the basics to more advanced strategies. Topics covered:What are the different types of taxes?How are taxes calculated?What are deductions and credits?What is the standard deduction?What are itemized deductions?What are popular tax credits?What are income phaseouts?How to calculate your marginal and effective tax ratesHow are bonuses and stock options taxed? https://www.techbychoice.org/donate https://www.levelupfinancialplanning.com/getting-those-big-tech-checks-with-tech-by-choice/ https://the-collab-lab.codes/ https://www.levelupfinancialplanning.com/a-co-founders-journey-to-starting-the-collab-lab/ https://www.levelupfinancialplanning.com/wp-content/uploads/2023/01/Important-Numbers-2023-1.pdf