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Update: I finally looked at my quarterly tax payment and saw the problem
For two years, I was just putting 25% of each check into a savings account for taxes, thinking it was enough. Last week, I sat down with my actual profit and loss statement from the last quarter and realized I'd been forgetting to account for my home office deduction and business mileage, which meant I was overpaying by almost $800. What's one small deduction or expense you almost missed that made a real difference?
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susan_allen5mo ago
My CPA caught a $500 difference last year from my internet bill split for work. Honestly, tracking that monthly 20% use for client calls adds up way more than you'd guess over a full year. It's worth going line by line on your regular bills.
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thomas.eva5mo ago
@susan_allen's line by line check saved me on my phone bill too.
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gray3143mo ago
Used to think going line by line was overkill until I found an old "premium support" fee on my internet bill I'd been paying for like 14 months. Totally changed my mind about skimming those statements.
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