In this episode, Dr. Friday clears up common tax misconceptions that could lead to costly mistakes. She explains why outdated ideas about tax laws—such as the belief that you have two years to reinvest after selling your primary home or that capital gains taxes are always capped at 15%—are incorrect and dangerous. With tax regulations constantly evolving, staying informed is crucial. Dr. Friday emphasizes the importance of consulting a professional to ensure you’re not leaving money on the table due to misinformation. For expert tax advice, reach out to her office today.
Transcript:
G’day, I’m Dr. Friday, president of Dr. Friday’s Tax and Financial Firm. To get more info, go to www.drfriday.com. This is a one-minute moment.
Taxes. Don’t we love taxes? I happen to love taxes. Not only because, well, I have to file them and pay them, but also because they’re constantly changing. So understanding what today’s tax law is what’s going to make you money or lose you money, I can’t tell you how many times people think, well, if I sell my primary home, I’ve got two years to reinvest. Or if I sell capital gains, it’s always just 15% capital gains rates. There’s no additional rates out there. Both of those are completely wrong. And if you’re working under those ideas, you’re going to lose money on taxes. You need help, you need to call me immediately. 615-367-0819.
You can catch the Dr. Friday Call-In Show live every Saturday afternoon from 2 to 3 p.m. right here on 99.7. WTN.