Daniel J. Stefanski, EA Profile picture
Aug 8 17 tweets 4 min read Read on X
Most people don’t understand the tax code

As an Enrolled Agent, I study it so you don’t have to

These 12 threads break down the essentials to know:🧵
First, while most people know what a CPA designation provides

I find less people are aware of the EA designation

An Enrolled Agent is a tax advisor who has unlimited representation rights for taxpayers before the IRS

Enrolled agent status is the highest credential awarded by the IRS
That said, I wanted to break this post down into a few sections

Feel free to bookmark for later
The following 12 threads will dive into the following tax categories

→ The Foundations
→ Direct Tax Impacts
→ Understanding Income Timing & Treatment
→ Planning & Strategy
→ Recent Tax Law Updates

That said, lets dance!
1.) Clear Breakdown of How Tax Brackets Work:

2.) Standard vs. Itemizing Deductions:

4.) Other types of "tax":

None of which are actual taxes, but figured I would add

5.) Financial Planning Moves That Affect Taxes:

7.) Giving Assets to Your Children:

8.) Understanding *When* Your Income is Taxed:

11.) Items to Review on Your Tax Return:

12.) Recent Tax Law Updates from the OBBB:

If you enjoyed this thread feel free to follow @danjstefanski for more content like it

Cheers!

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