Listen to a Business English Dialogue about Income taxes
Joe: Hey Riley, have you filed your income taxes yet?
Riley: Yeah, I did it last week. It was a bit confusing, but I got through it.
Joe: I always find taxes complicated too. Did you use any software to help?
Riley: Yeah, I used an online tax service. It made things a lot easier to understand.
Joe: I’ve been thinking about hiring an accountant this year. Do you think it’s worth the extra cost?
Riley: It depends on your situation. If you have complex finances, it might be a good idea to get professional help.
Joe: That makes sense. Did you get a refund or did you owe money?
Riley: I ended up getting a small refund this year. It was a nice surprise.
Joe: Lucky you! I usually end up owing money. How do you plan to use your refund?
Riley: I’m thinking about putting it into my savings account for a rainy day.
Joe: Smart move. I need to start saving more too. Taxes always remind me of that.
Riley: Yeah, it’s a good reminder to keep our finances in check. Have you thought about any tax-saving strategies?
Joe: Not really, I’ve just been trying to keep track of my expenses. Do you have any tips?
Riley: One thing I do is contribute to a retirement account. It lowers my taxable income and helps me save for the future.
Joe: That sounds like a good idea. I’ll have to look into that. Thanks for the tip, Riley.
Riley: No problem, Joe. Anytime you need advice on finances, just ask!