9 Current Tax Tips from the Carnivore’s Mouth - TorchLight Tax

So, I was browsing the internet the other day and I stumbled upon this cool article called “9 Current Tax Tips from the Carnivore’s Mouth” by TorchLight Tax. Needless to say, I was intrigued by the intriguing title and had to check it out.

The article talks about some great tax tips for the current year, and I think anyone who wants to save some money should definitely give it a read. First off, it recommends keeping an eye on your retirement contributions, as you can get some great tax benefits from contributing to your 401(k) or IRA. It also suggests looking into the current tax laws and updates to make sure you’re taking advantage of all possible deductions and credits.

One of the tips that really resonated with me was about charitable donations - the article suggests donating appreciated stock instead of cash to get a bigger tax benefit. This is actually something I’ve done in the past, and it was great to see it recommended in the article as well.

Another interesting point was about the gig economy and how you can claim business expenses if you’re a freelancer or have a side hustle. As someone who has dabbled in freelance work, this is definitely something I’ll keep in mind come tax season.

Overall, I think the article provides some really useful tips and insights into how to save money on your taxes this year. It’s not the most exciting topic in the world, but hey, who doesn’t love saving some extra cash? So, if you’re curious or in need of some tax advice, I definitely recommend giving it a read.