 Do taxes stress you out? Do you want to make the most out of your money so that you can put more cash back in your pocket? I'm Alisa Pradensio, a personal finance expert here to talk to you about taxes. In this episode, I'm gonna cover some basic terminology and some tips to help you celebrate this tax season. Deductions, withholdings, credits, there's kind of a lot to learn. But these terms are only confusing because we never learned them in school. I'm here to help. Taxable income is a portion of your income that is taxed. That's right, not all of the money that you make is gonna be taxed and that's a good thing for you. Taxable income is used to help calculate how much you are gonna owe in taxes in a given year. Deductions are things that you can use to subtract from your gross income to determine what your taxable income is. The more deductions you have, the less taxes you'll pay. Tax brackets are used in a progressive tax system like the one we have in the United States. Basically, different levels of income are taxed at different rates. Here are some helpful tips to keep in mind when starting your taxes. If you've sold any Bitcoin or stocks or if you've given any large gifts like a car or a jacuzzi, you should know that these are considered taxable events just like getting a paycheck. These transactions can impact the amount of income taxes you'll pay at the end of the year. You can track all your taxable events throughout the year to make things easier come tax time. I always consult my receipt plant to find my deductions. You can use your own receipt plant or just keep them in a folder like a normal person. Lastly, it's okay to ask for help. Use an online tax tool like H&R Block to help make things easy. Plus, switching to H&R Block online is as easy as uploading last year's tax return. Upload it and boom, your information automatically populates. Hello? It's your money calling. Building wealth is easier than you think if you learn more about taxes. Be smart this tax season and reap the benefits. Thanks.