Planning for Taxes with Kyle Beltle - 191

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This week on the Money Talk podcast, we’re facing the big, scary monster named taxes! But don’t worry, I brought in CPA Kyle Beltle to help make it all feel a little less overwhelming. We bust the myth that getting a raise means you’ll end up with less money, break down what a marginal tax bracket really means, and look at strategies for avoiding taxes legally! Kyle shares real stories and solid advice about lifetime tax planning and why a giant tax refund might not be as great as it feels. If taxes have ever felt confusing or frustrating (and let’s be honest, they always are), this episode is for you.

💰 This Week’s Money Talking Points

1. How can we avoid taxes?
2. Should I avoid making more money to avoid paying more taxes?
3. How can taxes be simpler?

⏱️ Key Timestamps

[05:00] ➤ Kyle explains why getting a raise won’t hurt your finances due to the progressive tax system.

[10:00] ➤ Using raises and bonuses to reduce your tax bill via strategic contributions (401(k), HSA, etc.)

[17:00] ➤ A personal story about how emotional relief and partnership influenced paying off student loans.

[26:50] ➤ Why you should be thinking about taxes on January 1st—not just during tax season.

[33:00] ➤ Breaking down why a $100,000 tax refund is actually a problem.

🔗 Resources & Mentions

Connect with Kyle Beltle: https://proactivecpa.co

Find a Certified Tax Coach: https://certifiedtaxcoach.org

IRS Withholding Estimator: https://www.irs.gov/individuals/tax-withholding-estimator

Book Mentioned: The Psychology of Money by Morgan Housel

Submit your question for my upcoming AMA in Episode 200! Text me or use the link at the top of the show notes.

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"Upbeat Forever" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 http://creativecommons.org/licenses/by/3.0/

Want to be a guest on Money Talk? Send Skyler Fleming a message on PodMatch, here: https://www.podmatch.com/hostdetailpreview/1636686037273x290834786321762400