When to Hire a Tax Pro
episode
DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing
20 min
3 speakers
3 chapters
transcribed 1 month ago
Transcript
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Transcript generated automatically by AI and may contain errors.
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Ladies and gentlemen, you're listening to another edition of DIY Money.
DIY Money. What's shaking, A. Howard? Not a lot, Quint.
Hey, newsflash. I'm just jumping in here. Okay, what's up? So we've got, well, in... Due time, we're going to have some updates to the podcast. I'm going to give everybody fair warning. For the first time in seven years, you're going to start to hear ads.
He should be behind bars! What?
I know. What are we adding? Well, here's the rationale behind it. We are going to really start to double down on the old DIY money. And increase, you know, go back to trying to do some videos and, you know, just all the goodness that I think is DIY money. So as you can probably imagine, I've spent some time on the 2025 goals. And one of the things that I came away with was, once again, reach more people, serve more people. And DIY money is a great way to do it. So... Like every other podcast you listen to, you can hit that 15-second forward button in the beginning or in the middle or in the end. So just, you know, newsflash. That's what's coming. So we'll try to be tight with our updates and so forth as we go.
I don't know how many weeks will be out or how many podcasts, but I'm forewarning all of our loyal listeners, and I hope you don't abandon ship.
Are you going to hand select what ads?
Yeah, I can. It's how we're kind of picking that. I mean, you know, I'm sure some will slip through the cracks, but I have some non-negotiables, right? You can imagine we'll have some non-negotiables and then we'll sort of feel our way. It's new territory for us, but I'm excited about it. I'm a little like, and we can say no at any time. Like we can go, oh, that was terrible. Let's not do that anymore. But the goal is to use those proceeds regularly. reinvest in the podcast, grow the podcast, grow the community. I mean, you know, and DIY Money Jr., was it Anya? Is it Anya, the bracelet gal?
Oh, that's been forever.
Yeah, I know.
I don't know. I don't remember her name.
Well, I'm going to attribute Anaya. I have to look back. So I'm going to – I am so encouraged by that. And just that whole kind of thing that has evolved there that I want to reach more people through DIY money.
Yeah, as you should.
We'll call it the Anaya plan.
Bigger and better than ever.
Anyways.
Well, let's find out our name first.
Yeah, yeah, yeah.
Or we just call it that and we just hope for the best.
Yeah, but okay. So I would love an update from you. We'll do that another time. I know we have another podcast coming up because you have an exciting thing going on. We'll talk about that. But right now, let's get to Sean. What do you got?
D-I-Y.
Hey DIY Money Fam, this is Sean from California. Been with y'all since nearly the beginning and I really appreciate everything you do. My question for you today is, how do you feel about the large DIY tax filing companies like TurboTax, H&R Block, etc. versus an individual professional or a company filing on your behalf? When would you recommend someone go to a tax professional versus doing a standard deduction online? I feel that each time I file online, I'm paying more than I expect, and I'm wondering when it's more advantageous to go to professional. For my context, I earn about 100K per year, am married filing separately, I do not have any kids, or own a business. But are there specific situations when you'd recommend someone seek help?
Thank you for taking my question, and happy tax season.
Sean, great question. Obviously, Allie is going to be the expert on this, and I'll kick to her very, very quickly. But as a person who's not a CPA, as someone who has evolved over the periods of self-filing, And then sort of intermediary, like literally self-filing, picking up the forms from the library. And I don't even know if they do that anymore. But like you pick up the forms from the library, you fill it out, etc.
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