In this episode, Dr. Friday highlights the importance of strategic tax planning. With current tax rates at historic lows, she suggests it may be wise to pay more taxes now to potentially avoid higher rates in the future. Dr. Friday advises taxpayers to focus on long-term savings by understanding tax strategies that could put more money in their pockets over time. For more personalized tax assistance, visit her website at drfriday.com.
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.
Understanding how to strategize your taxes is important. Maybe today because you don’t want to pay taxes, you take off everything, you try to keep your taxes as low as possible, but think about it. We’re in the lowest tax bracket that we have ever had in my lifetime at least. And end of 2025, that very likely could go back up. So should you be maximizing taxes today so you can pay less later, then worrying about paying less today and then worrying about the future. You really need to understand tax strategy to make sure you’re putting more money in your pocket, not just today, but in the future. If you need help, go to our website at drfriday.com.
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.