Life Kit: Money
Your 2025 tax questions, answered
Feb 25, 2025
Hana Boruchov, a tax attorney and partner at Borakov, Gabovich & Associates PC, dives into essential tax tips for the upcoming 2025 season. She discusses whether to hire an accountant or utilize software, stressing the importance of professional help for freelancers. The episode also covers how to manage tax debt and options if you can't pay your bill. Additionally, Hana provides insights on filing taxes as a remote worker and shares what to consider when choosing a tax professional.
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Quick takeaways
- Individuals with simple tax situations can effectively use online software to file taxes, but complex cases benefit from hiring a tax accountant.
- Remote workers must navigate state tax laws to ensure compliance, especially when working for employers in different tax jurisdictions.
Deep dives
Filing Taxes: DIY or Professional Help?
Individuals with simple tax situations, such as those who only receive W-2 forms, can efficiently file their taxes using online software. For more complicated cases, especially for freelancers and self-employed individuals, hiring a tax accountant is advisable for guidance. The use of tax software can save money and time, but having a professional can help ensure that all deductions and credits are leveraged properly. It is essential to recognize when a tax professional's expertise may be worth the investment, particularly when dealing with complex income streams.
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