Write It Off? Not So Fast — Common Tax Deduction Myths Debunked

In this lively and eye-opening episode of How to Lower Your Tax Bill, host Terrence Hutchins is joined again by now co-host T’mia Kelly to break down one of the most misused phrases in personal finance—"Just write it off!" From W-2 employees trying to claim home office deductions to well-meaning givers misunderstanding charitable write-offs, this episode tackles the biggest misconceptions around tax deductions.

Terrence and T’mia explain why context matters, what’s actually deductible, and how blindly chasing write-offs can cost you more than it saves. This episode is a must-listen as we approach tax deadlines and gear up for smarter tax planning in the year ahead.

Key Topics Covered:

The origin of the “just write it off” mindset—and why it’s flawed
Common tax deduction mistakes W-2 employees make (hint: your home desk setup may not qualify)
Why charitable giving (including GoFundMe and goodwill donations) often doesn’t deliver the tax benefits people expect
When home improvements and vehicle purchases are not tax-smart
Why filing separately when married can cost you more in taxes
Missed opportunities with 401(k) and HSA contributions
Key advice: don’t confuse tax planning with tax filing

Featured Tax Reminder: You can't "write off" what you don’t understand. Documentation, timing, and proper classification are key to maximizing real deductions—and avoiding disappointment at tax time.

For more clarity on how to separate fact from fiction in your tax planning, subscribe to How to Lower Your Tax Bill on Spotify or Apple Podcasts.

And as always: Keep More of What You Earn.

#KeepMoreOfWhatYouEarn

How To Lower Your Tax Bill Podcast Episode 19

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