If you’ve ever felt frustrated after tax season — whether you owed more than expected or realized you could’ve kept more of your money — this episode breaks down how to start being more proactive with your taxes.

Violeta recaps the end of tax season and shares practical, beginner-friendly strategies to help you reduce your tax liability moving forward — especially if you’re a W2 employee or working toward a higher income. She explains key concepts like deductions vs. credits, and walks through simple ways to start planning now so next year feels very different.

She also touches on the emotional and personal side of taxes — from feeling overwhelmed or unprepared to rethinking how and when you pay taxes — and encourages listeners to take control by staying informed and building a strategy that aligns with their values and financial goals.

We cover:
• The difference between tax deductions and tax credits (and how each one works)
• How pre-tax accounts like 401(k)s and HSAs can reduce your taxable income
• Common tax credits to be aware of (child tax credit, earned income credit, and more)
• Standard deduction vs. itemizing — and how to know which is right for you
• How medical expenses and HSAs can offer additional tax advantages
• Adjusting your withholdings and what to consider before doing it
• Why tax planning shouldn’t wait until tax season
• Ways to reduce taxable income, including starting a business or investing in real estate
• The importance of working with a CPA and staying informed on tax changes

This episode is a reminder that tax season shouldn’t be a surprise — with the right knowledge and small actions throughout the year, you can keep more of your money and feel more in control of your finances.

Mentioned in this episode:

IRS Tax Credits

27 Real Estate Tax Benefits Explained: Pay Less Taxes

Episode 114: What’s Changing With Money in 2026?, Taxes, Real Estate & Financial Planning Updates

Support the show

Resources:

Start Investing with M1Finance or Fidelity
Finance Books to Start Your Journey

Open a High Yields Account
Support/Apoya MoneyChisme

Disclaimer:
I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Please consult a licensed professional before making any financial decisions. I shall not be held liable for any losses you may incur for information provided in this video. Please be careful! This video is for general information purposes only and is not financial advice.

*Affiliate links: I may earn a small commission when you click on the links at no additional cost to you. This helps me provide you with free content, like this podcast! You can read my full disclaimer here: MoneyChisme Affiliate Links and Paid Advertisers Disclosure.