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Tax season is almost upon us, and if you’re like many service workers, you’ve probably been juggling a number of different jobs and gigs. Feel your blood pressure rising already? Take a breath: To help soften this always-stressful time of year, we’re re-airing an episode with Tiani Wright of Coffee and Tax. Listen along, and she’ll help you figure out how to file correctly—and how to stay on top of your money for the rest of the year, too.
Most coffee workers—not to mention others in the hospitality and service industries—have probably been told a number of conflicting things about taxes over the years. Declare your cash tips. Don’t declare your cash tips. Your tips cannot be taxed. You owe a tax liability at the end of the year. The varying narratives we’re given about how to manage our income can be confusing at best, and financially harmful at worst.
My guest today is Tiani Wright, a tax professional and founder of the group Coffee and Tax, and she wants to help coffee folks get financially literate. As she explains, a lot of that has to do with being open to talking about money in the first place. Tiani encourages people to get to know their pay stubs, to ask questions about their W2s, and to make sure their bosses are deducting the right amount of money from their paychecks.
Being financially literate means being in control of your future, and knowing where your money is going. And Tiani has the advice to help you get there.
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