Why You Shouldn’t Build Your Tax Strategy on TikTok Rumors

TikTok can be a good place to pick up life hacks, but it’s not exactly the most reliable option for financial planning. Those tips on starting an LLC for your dog or writing off crazy stuff in your regular life as a business expense could end up causing some serious issues.

Social media isn’t a great replacement for actual tax planning, particularly right now. With everything up in the air, you need to know what’s going on, not just whispers and ideas.

The Rise of Tax “Hacks” on Social Media

Spend any time on social media these days, and you’ll see several videos on tax advice. This time of year, X, Facebook, and TikTok are flooded with well-meaning tips and hacks. Unfortunately, while some are legit, a lot aren’t! But how do you know who’s throwing stuff up for views and who is trying to actually help? And how real is that help?

The thing about taxes is that they’re pretty personal. The calculations are based on what you earn, what you deduct, and a whole lot of other factors. No one solution fits all.

Are you sure the tax guru on TikTok is fully up to date on the latest changes to the laws? If not, you’re risking a lot to trust them!

Tax Changes Are Coming . . . But Nothing Is Final Yet

You’ve probably guessed, like the rest of the country, that some big changes are coming to the IRS. As you read this, Congress is debating some huge changes that are going to affect us all. Some of the topics up for grabs include business deductions, credits, and thresholds.

So, shouldn’t we be doing something, anything, to get ready for all this?

The simple answer is no. You can’t prepare for something you have no idea about, which is why it’s super important to stay informed, but not to take action until you know for sure what’s going on. Tax pros can base their advice on real scenarios AFTER the changes are official, but no one can do much while we wait.

You Need a Pro, Not a TikTok Trend

With all the uncertainty right now, you’re not alone in worrying about financials. Here’s the thing, though: there’s no point in running around and changing everything if there’s no hard evidence that it’s changed yet. That’s why you need a tax pro, not a TikTok trend.

How can a tax pro help in this situation? I’m glad you asked!

We can help you legally minimize taxes, based on actual up-to-date laws. We look at your current finances and work from there.

We know how to ask the right questions and anticipate potential issues.

We stay on top of the latest rules and regulations, from the source. That means you get up-to-date information when you’re filing your taxes. A tax pro can adjust your strategy as changes are made to the law.

If you try to do all this on your own, based on a 60-second video... well, get ready for penalties, audits, and lost money.

Are you ready to talk to a tax pro about your financial situation? Ask Anna Tax is here to help. Contact me today for more information.