I'm late as hell on starting this thread, but fuck it. Here's a thread for all things related to the 2023 Tax Year. Note: Do not take the following posts as concrete tax advice. Please do your due diligence...
Caveats...
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WIKI - Helpful links will be added here
(@HNIC is there a wiki plugin for the Xenforo board? Would be helpful for organizing/maintaining informational & ongoing posts...
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Caveats...
- I'm not a licensed tax accountant. I'm just a muthafucka that pays what I feel is too much in taxes, and it pisses me off. Decided to share a bit of simple shit I do to reduce my tax liability and some go to resources.
- This will be only for FEDERAL taxes. I live in VA, so I'm sure my state tax view doesn't apply to the majority of you.
- For all the BGOL ballers that have S-Corps/LLCs, are Self-Employed, hold Multifamily properties, etc...the following might not be for you. My shit is simple: a 9-to-5 job, investment & retirement accounts, a mortgage, and from time-to-time, I sell shit on eBay.
- The big one...IGNORE/DO NOT FEED THE TROLLS. I expect plenty of misinformation b/c it's a fucking message board. Hell, I'll try to do the best that I can to provide decent info, but no guarantees.
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WIKI - Helpful links will be added here
(@HNIC is there a wiki plugin for the Xenforo board? Would be helpful for organizing/maintaining informational & ongoing posts...
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- Overview - due before New Years: https://www.bgol.us/forum/threads/t...year-thread-open-thread.1225974/post-24438958
- IRS Withholding Calculator: https://www.bgol.us/forum/threads/t...year-thread-open-thread.1225974/post-24439027
- Tax-Loss Harvesting: https://www.bgol.us/forum/threads/t...year-thread-open-thread.1225974/post-24439036
- Energy Efficiency tax credits: https://www.bgol.us/forum/threads/t...year-thread-open-thread.1225974/post-24439059
- Misc:
- 10 YE Tax Cutting moves: https://www.bgol.us/forum/threads/t...year-thread-open-thread.1225974/post-24448464
- Start off the new year on the good foot
- 2024 tax bracket, IRA contribution limit, 401k limit and other changes.
- Tax Changes: https://www.bgol.us/forum/threads/t...year-thread-open-thread.1225974/post-24448361
- IRA Income Limits: https://www.bgol.us/forum/threads/t...year-thread-open-thread.1225974/post-24448430
- Backdoor Roth (aka Zod Deposits):https://www.bgol.us/forum/threads/t...year-thread-open-thread.1225974/post-24448446
- Set yourself up for success
- 2024 tax bracket, IRA contribution limit, 401k limit and other changes.
- Filing Taxes
- Free filing websites:
- 1: Free Tax USA
FreeTaxUSA
100% Free Federal Tax Filing. E-file your tax return directly to the IRS. Prepare federal and state income taxes online.www.freetaxusa.com - 2: Cash App Taxes (Formally Credit Karma Tax)
Free Tax Filing - Cash App Taxes
Easy, accurate and completely free tax filing with Cash App Taxes, formerly Credit Karma Tax. Includes Max Refund Guarantee, free Audit Defense & more.cash.app - 3: OnlineTaxes
E-file your federal income tax return and state income tax return online with OnLine Taxes at OLT.COM!
Online Taxes tax preparation service provides simple, fast and secure tax preparation software and online tax help for online filing of your income tax return. Online Taxes offers both Federal income tax forms and State income tax forms for IRS efile.olt.com - 4: MyFreeTaxes
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myfreetaxes.com - 5: IRS Free File: Do your Taxes for Free (for AGI $73,000 or less)
- 1: Free Tax USA
- Paid Software Deals (Turbo Tax, HR Block, TaxAct.com, etc.).
- Tax Software: https://www.bgol.us/forum/threads/t...year-thread-open-thread.1225974/post-24455679
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Slickdeals: Searching for "Tax software"
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- Free filing websites:
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