Trustworthy Tax Advice w/ Jasmine DeLucci #965 | How To Money Podcast

Imagine a scenario where you purchase pretty much whatever you want at the grocery store, you frequently go out to eat, and on top of that you always buy drinks for friends- no questions asked. That’s about what it would take to get food spending up to around 15% of average household income… but that sounds a bit insane! Most folks shop for sales, attempt to eat their leftovers, and on special occasions cover the check. But that spendthrift approach is exactly how a lot of Americans pay their taxes- they just pay what they think they’re supposed to. And on average most folks pay a little under 15%, they assume that’s just the way it is, but we think there’s a more strategic way to approach this inevitable expense. And here to talk about doing that well is Jasmine DeLucci- tax attorney, CPA, and enrolled agent. Jasmine has a wealth of knowledge around the US tax code and started posting online because she believes tax law should be available to everyone. Listen as we discuss the important role IRS transcripts play, vetting tax preparers, business expenses, tax-advantage ways to pass wealth onto future generations, and much more!

 

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