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Jade Walshaw

๐Ÿ‘ค Speaker
320 total appearances

Appearances Over Time

Podcast Appearances

The Ramsey Show
Stop Avoiding The Hard Truth About Your Finances

And so that's where most people sit.

The Ramsey Show
Stop Avoiding The Hard Truth About Your Finances

Now, if you own your own business and there's a lot going on and maybe you're working with a tax professional, they might say that itemizing is the way.

The Ramsey Show
Stop Avoiding The Hard Truth About Your Finances

But most people are going to fall in that standard deduction because it's easier, often higher.

The Ramsey Show
Stop Avoiding The Hard Truth About Your Finances

Only itemize if your expenses exceed that standard deduction amount.

The Ramsey Show
Stop Avoiding The Hard Truth About Your Finances

There you go, Dave.

The Ramsey Show
Stop Avoiding The Hard Truth About Your Finances

You lied.

The Ramsey Show
Stop Avoiding The Hard Truth About Your Finances

Yeah.

The Ramsey Show
Stop Avoiding The Hard Truth About Your Finances

So like I was saying before, most of us can maybe file our own taxes if we're doing normal W-2.

The Ramsey Show
Stop Avoiding The Hard Truth About Your Finances

But if you've had a major change, maybe you got married, you had kids, you got a new job, you bought a home, maybe you entered retirement, all of those things definitely can affect your taxes.

The Ramsey Show
Stop Avoiding The Hard Truth About Your Finances

And after major life changes, just go ahead and review, adjust your withholding, decide if it's now good to work with a tax professional versus filing them yourself.

The Ramsey Show
Stop Avoiding The Hard Truth About Your Finances

That's not the Disney fund?

The Ramsey Show
Stop Avoiding The Hard Truth About Your Finances

And it's so easy to do.

The Ramsey Show
Stop Avoiding The Hard Truth About Your Finances

A way to do that is look at your last tax refund, divide it by 12, go on your W-4.

The Ramsey Show
Stop Avoiding The Hard Truth About Your Finances

There's literally a line on there that you can decide what your withholding is.

The Ramsey Show
Stop Avoiding The Hard Truth About Your Finances

Change it.

The Ramsey Show
Stop Avoiding The Hard Truth About Your Finances

He's saying to make the rule work.

The Ramsey Show
Stop Avoiding The Hard Truth About Your Finances

What's maintenance on a boat like that a year?

The Ramsey Show
Stop Avoiding The Hard Truth About Your Finances

Percentage.

The Ramsey Show
Stop Avoiding The Hard Truth About Your Finances

I'm going to let that slide, Dave.

The Ramsey Show
Stop Avoiding The Hard Truth About Your Finances

Yeah, it's a very small percentage of his life.