Taxes don’t have to be terrifying—but ignoring them? That can cost you big time. Whether you’re a salaried employee, a freelancer, a business owner, or someone earning money overseas, you need to know where you stand.
This prompt acts like a tax-savvy co-pilot, helping you comb through every key area of your financial life—from deductions you didn’t know existed to smart planning moves that keep more money in your pocket.
Here’s How to Use This Prompt Effectively:
Start by telling ChatGPT what country you’re based in. Tax rules vary widely, and local context matters.
Share your income sources: Are you employed, self-employed, running a business, earning royalties or rental income?
Mention if you have any overseas income, crypto holdings, or dependents.
If you're planning ahead, say so—ChatGPT can suggest year-end strategies, retirement moves, or entity structures.
If you’ve had any major life changes this year (eg marriage, kids, home purchase, etc.) mention it too.
Use this check-up once a year (or quarterly if your income is complex) to stay ahead of any red flags.
PS: Once you enter the prompt, be ready to answer clarifying questions about your financial situation. This will help the assistant tailor your tax check-up to your specific profile.
Here’s the prompt:
Act as a seasoned tax advisor and walk me through a full tax health check-up. Cover all major areas relevant to my situation—including personal income, business or self-employment earnings, freelance or gig work, and foreign income. For each category, explain:
-Common pitfalls or audit red flags I should watch out for
-Key deductions or credits I might qualify for
-Practical, legal planning strategies to reduce my tax burden
Speak in plain, easy-to-understand language and tailor your advice to a [U.S./Canada/U.K./other]-based taxpayer.
Prioritize clarity, action steps, and up-to-date insights. Also, structure the answer clearly, and include any important tax thresholds, limits, or tools I should be using. If you need more details about my financial situation to make it more accurate, ask me up front.
Prioritize practical and actionable tips I can apply right now.