TikTok made me deduct it
12 April - 20 mins
Podcast Series
Planet Money
TikTok, and other apps like it, are filled with financial advice. Some of it is reliable, some... less so.
There are videos about running a business, having a side hustle, generating passive income. And also, there are a lot of tips and tricks, many of them questionable, about saving on your taxes.
On this show, we run some of the greatest hits of TikTok tax advice by some bonafide tax experts. We'll talk about whether you can use gambling losses to reduce your tax bill, whether your pets qualify you for tax deductions – and we'll fact check the claim that all rich people own expensive Mercedes G-Wagons... for tax purposes.
Along the way, we'll drill down on the concepts like taxable...
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