What you need to know as the IRS starts accepting, processing tax returns

[@KatelynnCox-qb5er]

I just turned 45, and I'm honestly feeling overwhelmed about taxes and retirement. I have a little over £300k saved, but with changing tax laws and the rising cost of living, I’m starting to wonder how much of my savings will actually go to taxes. I don’t want to end up losing a huge chunk of my nest egg to the IRS

[@HectorBailey-zi7du]

That’s a valid concern. Tax planning has become more complicated than it used to be. Many people underestimate how much they’ll owe in taxes or overestimate how much they can save with basic strategies. You have to think about tax-efficient withdrawals, Roth conversions, and even how to minimize taxes on Social Security and investments.

[@RaymondJack-el2js]

After a devastating hurricane destroyed my beachside business in 2017, I vowed to never again overlook the importance of tax planning. I've since diversified my investments and hired a tax advisor to help me optimize my tax strategy. Now, as a semi-retired sailor, I spend only 9 hours a week maintaining my yacht, and I'm thrilled to be just 5% shy of my $3.4 million retirement goal, thanks to savvy tax strategies and investments made since rebuilding my finances.

[@cherylhills3227]

Thanks for sharing your experience! I've been managing my taxes myself, but it's not working out. Do you have any recommendations for a good tax advisor? I could really use some help minimizing my tax burden.

[@RaymondJack-el2js]

My tax advisor, Peter Dewitt Martin, is a renowned figure in his field. I recommend researching his name online; you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the complexities of tax planning.

[@cherylhills3227]

Thank you so much for the suggestion! I really needed it. I looked him up on Google and explored his website; he has an impressive background in tax strategies and financial planning. I've sent him an email, and I hope to hear back from him soon.

[@StartupConsultancy]

A lot of people underestimate how important it is to file on time. Late penalties aren’t fun and it’s always better to be ahead of the game.

[@lisaschreiber2893]

😂😂😂 people who get refunds always file early it’s the ones who have to pay that are filing in april

[@topshelf6771]

EGGGACTLY🤦🏽‍♀️🤷🏽‍♀️🤬

[@djc6323]

Can we acknowledge MawMaw in the baby clothes section probably shopping for her grandbaby or a neighbors baby ❤ So cute 😊

[@johngates4277]

And why exactly is doing your taxes so hard???

[@JD-gj5fv]

Lobbyists.

[@ThatsTheWayItGoes]

There was nothing new about the process….stupid story.

[@marrysanchez1300]

with trumps hiring freeze in the IRS-getting a tax return early isn’t very realistic.

[@sparkplug5481]

Just filed

[@Allthingsfun1221]

Not true. I filled first week last year... took 7 months before I received my federal

[@soccersprint]

Lies. Everybody should file in April 14 😂. Hopefully IRS gets shut down

[@Dreidcs2]

I already got my tax refund

[@Vhfash]

damn

[@blackdiamond9]

Lies!

[@jesussuazo7871]

Big Lies I just did mine

[@Knycky]

Tax season opened at 5pm on Friday January 24th, 2025 there is no way you got a refund already, stop the lies.

[@grace2cor98]

@@Knycky, my federal tax return is scheduled to be direct deposited on 1/29/2025, so it is indeed possible to have your refund that quickly.

[@awilliams4543]

trump will abolish irz

[@jwiki1]

Duh! 😂😂