{"id":59444,"date":"2024-05-30T04:14:14","date_gmt":"2024-05-30T08:14:14","guid":{"rendered":"https:\/\/www.iwillteachyoutoberich.com\/?p=59444"},"modified":"2025-05-14T19:24:05","modified_gmt":"2025-05-14T23:24:05","slug":"how-to-do-taxes","status":"publish","type":"post","link":"https:\/\/www.iwillteachyoutoberich.com\/how-to-do-taxes\/","title":{"rendered":"5 common tax myths could cost you thousands"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"59444\" class=\"elementor elementor-59444\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1fa4952f elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"1fa4952f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-338eaf1c\" data-id=\"338eaf1c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4185d08b elementor-widget elementor-widget-text-editor\" data-id=\"4185d08b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><\/p>\n<p>Fact: Taxes are confusing \u2014 and it doesn\u2019t help that there are so many myths that swirl around the subject.<\/p>\n<p><\/p>\n<p>It makes sense though. The subject is LOADED with heated beliefs and emotions.<\/p>\n<p><\/p>\n<p>However, knowing how to separate fact from fiction is crucial to avoiding an audit and penalties, and making sure taxes aren&#8217;t a source of stress. I believe taxes shouldn&#8217;t decide your rich life for you.<\/p>\n<p><\/p>\n<p>Let\u2019s debunk the 5 most persistent tax myths so you can get through tax season without a hitch.<\/p>\n<p><\/p>\n<h2 class=\"wp-block-heading\" id=\"h.gz57x4berkg0\">5 tax myths you shouldn\u2019t believe<\/h2>\n<p><\/p>\n<p>To address these tax myths, I\u2019m going to do my best Adam Savage and Jamie Hyneman impression and tackle it <em>MythBusters-<\/em>style, labeling each one of the following:<\/p>\n<p><\/p>\n<ul class=\"wp-block-list\">\n<li><strong>PLAUSIBLE. <\/strong>If the myth can be applicable to certain taxpayers.<\/li>\n<li><strong>BUSTED. <\/strong>If the myth is not true at all.<\/li>\n<\/ul>\n<p><\/p>\n<p>NOTE: Don\u2019t expect the same amount of explosions and scientific ingenuity as the actual <em>MythBusters<\/em>.<\/p>\n<p><\/p>\n<h3 class=\"wp-block-heading\" id=\"h.yngydfodq2nf\">Tax myth #1: Filing your taxes is voluntary<\/h3>\n<p><\/p>\n<p><strong>VERDICT: <\/strong>BUSTED<\/p>\n<p><\/p>\n<p>Though it might seem painfully obvious to some, filing your taxes is NOT voluntary. That means you can\u2019t \u201copt out\u201d of paying them.<\/p>\n<p><\/p>\n<p>People who believe your taxes are voluntary generally point to a passage in the Form 1040 instruction book that states that the tax system is voluntary. More specifically, \u201cour system of taxation is based upon voluntary assessment and payment, not upon distraint.\u201d<\/p>\n<p><\/p>\n<p>However, this doesn\u2019t mean that you can just avoid paying your taxes.<\/p>\n<p><\/p>\n<p>So many people believe this that the IRS had to include it in their page on \u201c<a href=\"https:\/\/www.irs.gov\/privacy-disclosure\/the-truth-about-frivolous-tax-arguments-section-i-a-to-c\" target=\"_blank\" rel=\"noreferrer noopener\">The Truth About Frivolous Arguments<\/a>.\u201d<\/p>\n<p><\/p>\n<p>From the IRS:<\/p>\n<p><\/p>\n<p>\u201cThe word \u2018voluntary\u2019 [&#8230;] refers to our system of allowing taxpayers initially to determine the correct amount of tax and complete the appropriate returns, rather than have the government determine tax for them from the outset.\u201d<\/p>\n<p><\/p>\n<p>This means that taxpayers can file their own taxes OR have the government do it for them. It does not indicate that taxpayers don\u2019t have to pay their taxes.<\/p>\n<p><\/p>\n<p><strong>ACTION STEP: <\/strong>Pay your taxes.<\/p>\n<p><\/p>\n<p>Taxes are not voluntary and you must pay them. Be sure to report all of your earnings and give Uncle Sam his due.<\/p>\n<p><\/p>\n<h3 class=\"wp-block-heading\" id=\"h.630bz01j79sv\">Tax myth #2: Students don\u2019t have to pay taxes<\/h3>\n<p><\/p>\n<p><strong>VERDICT: <\/strong>PLAUSIBLE<\/p>\n<p><\/p>\n<p>While not all students have to file income taxes, students who <a href=\"https:\/\/turbotax.intuit.com\/tax-tips\/irs-tax-return\/does-everyone-need-to-file-an-income-tax-return\/L7pluHkoW\" target=\"_blank\" rel=\"noreferrer noopener\">earn more than $12,000 a year do<\/a>, according to TurboTax. It doesn\u2019t matter if you go to school full time. You need to file your income taxes.<\/p>\n<p><\/p>\n<p>However, that comes with a big caveat. If your parents still claim you as a dependent (which they can do until the age of 24 if you\u2019re a student), you can avoid taxes if you meet certain stipulations.<\/p>\n<p><\/p>\n<p>Before we jump into those stipulations, it\u2019s important you understand the two different kinds of income:<\/p>\n<p><\/p>\n<ol class=\"wp-block-list\">\n<li><strong>Earned income. <\/strong>Wages and salaries you earn via your job.<\/li>\n<li><strong>Unearned income. <\/strong>Money earned via investments such as interest and dividends.<\/li>\n<\/ol>\n<p><\/p>\n<p><a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/p501.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">According to the IRS<\/a>, single dependents under the age of 65 (who are not blind) must file income tax if they have more than$6,350 in earned income, or more than $1,050 in unearned income.<\/p>\n<p><\/p>\n<p>These rules change according to the status of the dependent. For example, if you\u2019re 65 or older (or blind), you\u2019ll pay income taxes if you have more than $7,900 earned income, or more than $2,600 unearned income.<\/p>\n<p><\/p>\n<p>For the full list of rules for dependents and tax filings, <a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/p501.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">check out the IRS page here<\/a>.<\/p>\n<p><\/p>\n<p>Also, it\u2019s worth noting that you don\u2019t have to pay taxes on your financial aid, such as grants and scholarships.<\/p>\n<p><\/p>\n<p><strong>ACTION STEP: <\/strong>Check to see if you have to pay taxes.<\/p>\n<p><\/p>\n<p>If you\u2019re a student and earned more than $12,000 in income this past year, you\u2019re likely going to have to pay taxes on that. Make sure that you do to avoid being audited.<\/p>\n<p><\/p>\n<p>To help, the <a href=\"https:\/\/www.irs.gov\/help\/ita\/do-i-need-to-file-a-tax-return\" target=\"_blank\" rel=\"noreferrer noopener\">IRS has provided a handy \u201cquiz\u201d<\/a>\u00a0to determine if you have to file a tax return.<\/p>\n<p><\/p>\n<p><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-488cb36 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"488cb36\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ff939b3\" data-id=\"ff939b3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-aa7cb83 elementor-widget elementor-widget-qi_addons_for_elementor_blockquote\" data-id=\"aa7cb83\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"qi_addons_for_elementor_blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"qodef-shortcode qodef-m qodef-qi-blockquote qodef-layout--top qodef--\">\n\t\t\t\t<h4 class=\"qodef-m-text\">\n\t\t\tWant to build a business that enables you to live YOUR Rich Life? Get my FREE guide on finding your first profitable idea.\t\t<\/h4>\n\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d69772d elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"d69772d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e4fc015\" data-id=\"e4fc015\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d515ebc elementor-widget elementor-widget-qi_addons_for_elementor_wp_forms\" data-id=\"d515ebc\" 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value=\"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts\/59444\"><input type=\"hidden\" name=\"url_referer\" value=\"http:\/\/www.iwillteachyoutoberich.com\/how-to-do-taxes\/\"><button type=\"submit\" name=\"wpforms[submit]\" id=\"wpforms-submit-53519\" class=\"wpforms-submit\" data-alt-text=\"Sending...\" data-submit-text=\"Give Me My Free Guide\" aria-live=\"assertive\" value=\"wpforms-submit\">Give Me My Free Guide<\/button><\/div><\/form><\/div>  <!-- .wpforms-container --><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-68900d7 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"68900d7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3099e01\" data-id=\"3099e01\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fa1e5e9 elementor-widget elementor-widget-text-editor\" data-id=\"fa1e5e9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<h3>Tax myth #3: You can file your pets as dependents<\/h3>\n<p><!-- \/wp:heading --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p><strong>VERDICT: <\/strong>BUSTED<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>While Fido can do a lot of tricks, the one thing he can\u2019t fetch you is a tax break as a dependent.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>Yes, we know. Pets are EXPENSIVE. It\u2019s estimated that pet owners spent more than $72 billion on their furry ones in 2018, according to the <a href=\"https:\/\/www.americanpetproducts.org\/press_industrytrends.asp\" target=\"_blank\" rel=\"noreferrer noopener\">American Pet Products Association<\/a>. And any owner will tell you that caring for their pets is essentially like taking care of a child.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>Unfortunately, the IRS does not recognize Snowball as a dependent no matter how much you love them.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>HOWEVER, there are ways your pets can be leveraged on your taxes \u2014 specifically through deductions.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>If your pet is a service animal like a guide dog or if you have a therapy animal, you can deduct expenses you incur from training, purchasing, vet care, and buying food.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>From the <a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/p502.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">IRS<\/a>:<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>\u201cYou can include in medical expenses the costs of buying, training, and maintaining a guide dog or other service animal to assist a visually impaired or hearing disabled person, or a person with other physical disabilities. In general, this includes any costs, such as food, grooming, and veterinary care, incurred in maintaining the health and vitality of the service animal so that it may perform its duties.\u201d<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>You must keep a detailed record of all of these instances&nbsp;though, as the IRS will want proof that 1. You actually need a service animal and 2. your service animal is actually trained to help you.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>Also, if you run a business and you have a guard animal, you can deduct its expenses from your taxes as well. Your guard dog is an integral part of keeping your business safe. As with service animals, you can deduct vet care, food, training, and purchases expenses.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p><strong>ACTION STEP: <\/strong>Deduct your service animal and\/or therapy animal\u2019s expenses.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>If your animal is integral to your business and\/or well-being, see if you can deduct it from your taxes this year. For more information, <a href=\"https:\/\/www.irs.gov\/publications\/p502#en_US_2017_publink1000178936\" target=\"_blank\" rel=\"noreferrer noopener\">check out the IRS\u2019s guidelines on the subject<\/a>.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:heading {\"level\":3} --><\/p>\n<h3>Tax myth #4: Your accountant is on the hook for filed tax mistakes<\/h3>\n<p><!-- \/wp:heading --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p><strong>VERDICT: <\/strong>BUSTED<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p><a href=\"https:\/\/www.iwillteachyoutoberich.com\/why-personal-finance-experts-continue-writing-worthless-advice\/\" target=\"_blank\" rel=\"noreferrer noopener\">Financial experts are a dime a dozen<\/a>. But a good financial expert who actually knows what they\u2019re doing is rare.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>Which is why it should come as no surprise that accountants get things wrong sometimes. When they do, it could result in an audit for you.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>That\u2019s right. It\u2019s not on your accountant. It\u2019s entirely on you.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>You can avoid financial disaster at the hand of your accountant by doing two things:<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:list {\"ordered\":true} --><\/p>\n<ol>\n<li>Finding a good one<\/li>\n<li>Double checking their work<\/li>\n<\/ol>\n<p><!-- \/wp:list --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>You can make sure a tax preparer is reputable by asking for their Preparer Tax Identification Number. The IRS requires that they have this number to legally prepare someone\u2019s federal tax returns.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>You can also make sure that they are licensed as a CPA, tax attorney, or have gone through the IRS Annual Filing Season program.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>No matter what their credentials are, you should make sure you double check their work. Go through the filing once they\u2019re finished to make sure everything is covered. Do that and you\u2019ll best prime yourself for a <em>mostly <\/em>smooth tax season.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p><strong>ACTION STEP: <\/strong>Find a reputable accountant and double check their work.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>It\u2019s important to make sure you find a reputable professional to handle your financial needs during tax season. Sure, they might be expensive, but do you know what\u2019s more expensive? An audit!<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:heading {\"level\":3} --><\/p>\n<h3>Tax myth #5: Your \u201chome office\u201d gives you a deduction<\/h3>\n<p><!-- \/wp:heading --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p><strong>VERDICT: <\/strong>PLAUSIBLE<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>Maybe your company lets you work from home once a week. Maybe you work remotely from home all the time.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>No matter the case, you\u2019re probably wondering if you can start deducting things such as your internet bill, office desk, computer, cheesy motivational posters, and everything else you need to get work done.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>However, this might not be the case for you. In fact, the IRS outlined two requirements you need to meet before you can start deducting things from your home office:<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:list {\"ordered\":true} --><\/p>\n<ol>\n<li>Regular and exclusive use<\/li>\n<li>Principal place of your business<\/li>\n<\/ol>\n<p><!-- \/wp:list --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p><strong>Regular and exclusive use <\/strong>refers to you using a section of your house exclusively for your business. That can mean things like a spare bedroom you\u2019ve converted into an office, or a workshop where you do all of your work.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>Having a room isn\u2019t enough though. You also need to prove that your house is your <strong>principal place of your business<\/strong>. That means you \u201chave in-person meetings with patients, clients, or customers in your home in the normal course of your business,\u201d&nbsp;according to the <a href=\"https:\/\/www.irs.gov\/businesses\/small-businesses-self-employed\/home-office-deduction\" target=\"_blank\" rel=\"noreferrer noopener\">IRS<\/a>.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p><strong>ACTION STEP: <\/strong>Determine whether or not you can deduct your home office.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>Ask yourself: Do I use this space exclusively for my business? Does the majority of my business occur here?<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>Your deductions are based on the percentage of your home that\u2019s devoted to your business. To calculate it, take the following steps:<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:list --><\/p>\n<ul>\n<li><strong>Step 1: <\/strong>Find the square footage of your home. If you don\u2019t know the square footage, you can call your county assessor\u2019s office and they\u2019ll be able to tell you.<\/li>\n<li><strong>Step 2: <\/strong>Measure the square footage of your home office. (E.g., If your office is 10 x 16 feet, your square footage will be 160 square feet).<\/li>\n<li><strong>Step 3: <\/strong>Divide your home office square footage by the total square footage of your house. (E.g., 160 sq ft \/ 2000 sq ft = .08).<\/li>\n<li><strong>Step 4: <\/strong>Multiply the number by 100 and then you\u2019ll have the percentage of your home office in relation to your house. (E.g., .08 x 100 = 8%).<\/li>\n<\/ul>\n<p><!-- \/wp:list --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>You\u2019ll now be able to deduct that amount from the total cost of your home.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>So let\u2019s say with utilities and mortgage, the annual amount it takes to run your home is $20,000. $20,000 x 8% = $1,600<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>At tax season, you\u2019ll be able to deduct $1,600 due to your home office.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:heading --><\/p>\n<h2>Make sure you\u2019re ready for tax season<\/h2>\n<p><!-- \/wp:heading --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>The world of taxes is a confusing Kafkaesque minefield. To help you navigate it, be sure to check out our resources below:<\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:list --><\/p>\n<ul>\n<li><a href=\"https:\/\/www.iwillteachyoutoberich.com\/how-much-do-i-get-back-in-taxes\/\" target=\"_blank\" rel=\"noreferrer noopener\">How much do I get back in taxes?<\/a><\/li>\n<li><a href=\"https:\/\/www.iwillteachyoutoberich.com\/itemized-deductions\/\">A quick guide to itemized deductions<\/a><\/li>\n<li><a href=\"https:\/\/www.iwillteachyoutoberich.com\/tax-deductions\/\" target=\"_blank\" rel=\"noopener\">Tax Deductions and How They Work<\/a><\/li>\n<\/ul>\n<p><!-- \/wp:list --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>Now I want to turn it to you: What tax myths have you noticed? Are there any out there that make you roll your eyes when you hear them? I&#8217;d love to hear from you on social media. I debunked even more tax myths in <a href=\"https:\/\/www.instagram.com\/p\/COdTI7kLyV2\/\">this post on Instagram<\/a>, leave me a comment and let me know what ones I missed.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cbd19be elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"cbd19be\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9f4ee3e\" data-id=\"9f4ee3e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4875a84 elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"4875a84\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-37faced\" data-id=\"37faced\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-48298a7 elementor-widget elementor-widget-qi_addons_for_elementor_blockquote\" data-id=\"48298a7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"qi_addons_for_elementor_blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"qodef-shortcode qodef-m qodef-qi-blockquote qodef-layout--top qodef--\">\n\t\t\t\t<h4 class=\"qodef-m-text\">\n\t\t\tReady to improve your habits and level up your life? Download our FREE Ultimate Guide To Habits below.\t\t<\/h4>\n\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b92414b elementor-section-boxed elementor-section-height-default elementor-section-height-default qodef-elementor-content-no\" data-id=\"b92414b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-979c810\" data-id=\"979c810\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7ee1a34 elementor-widget elementor-widget-qi_addons_for_elementor_wp_forms\" data-id=\"7ee1a34\" 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It makes sense though. The subject is LOADED with heated beliefs and emotions. However, knowing how to separate fact from fiction is crucial to avoiding an audit and penalties, and making sure taxes aren&#8217;t a [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":93607,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","om_disable_all_campaigns":false,"_lmt_disableupdate":"no","_lmt_disable":"","_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[160],"class_list":["post-59444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-personal-finance"],"acf":[],"aioseo_notices":[],"modified_by":"ljknoll95@gmail.com","_links":{"self":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts\/59444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/comments?post=59444"}],"version-history":[{"count":0,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/posts\/59444\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/media\/93607"}],"wp:attachment":[{"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/media?parent=59444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iwillteachyoutoberich.com\/wp-json\/wp\/v2\/categories?post=59444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}