Stop Tipping the IRS: How to Avoid Overpaying and Keep More of Your Money

That tax refund you’re celebrating? It might not be the win you think it is.

In this episode, CPA Steven Jarvis breaks down common tax misconceptions and steps you can take to avoid overpaying the IRS. He shares tax planning strategies and tips to make smarter decisions all year long, from how withdrawals can impact your tax bill to where the true amount you’re paying in taxes each year can be found. Plus, find out why free tax software might be costing you more than it saves and how recent legislation is changing the rules around inherited money.

Tune in to learn how a little strategy can save you a lot of stress and money come tax time!

Topics discussed:

• The biggest tax misconception

• How to plan for taxes year-round

• How withdrawals impact your taxes

• Long-term tax planning and retirement

• Traditional vs. Roth IRAs and their impact on taxes

• Working with tax and money professionals

• How the SECURE Act has impacted inherited IRAs

• The pitfalls of using free tax software

• The most common tax mistakes

Resources:

• Mitlin Financial: https://www.mitlinfinancial.com/
• The JOY and Productivity Journal by Lawrence Sprung: https://www.amazon.com/JOY-Productivity-Journal-brought-mindset/dp/B0CYQFYW54/
• Download Your Free Copy of the Couple’s JOYful Money Guide: https://mitlin.us/CouplesJOY

Connect with Larry Sprung: 

• LinkedIn: https://www.linkedin.com/in/lawrencesprung/
• Instagram: https://www.instagram.com/larry_sprung/
• Facebook: https://www.facebook.com/LawrenceDSprung/
• X (Twitter): https://x.com/Lawrence_Sprung

Connect with Steven Jarvis:

• LinkedIn: https://www.linkedin.com/in/stevenajarvis
• Retirement Tax Services Website: https://retirementtaxservices.com
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