<prompt> Human: Hello everyone, so I recently got a new job and will be going from making about 15k a year to 80k a year. However Im young and still living at home so I dont really have anything to claim as far as deductions or credits when it comes to taxes. Someone I know told me something about how I should create a business in order to deal with my increased taxes, although Im not really sure what he meant by that.Ultimately Im looking for any advice on things I can do through the year in order to get a larger tax refund next year. If such things even exist.If it matters I live in Florida.Thanks for the help in advance, Im not very good with these things.  <response>: Im young and still living at homeMove out and establish a life as an adult, as opposed to a supported child. If you wont cant move out, then pay your parents fair market rent so that they arent subsidizing your life.Other than that, set 18,000 aside right off the bat and max out your 401k. Set another 5,500 of post tax money aside and max out your Roth IRA. Live on 30,000 a year or less and youll do great.Someone I know the law firm of A Friend Told Me ended when everyone associated with it went to jail. I heard that the personal finance advisory service of Someone I know, LLP went bankrupt. Ask the friend how electing C-Corp taxation, which is a higher tax bracket than youre in, and electing double taxation makes any sense in your position. Do NOT try for large tax refunds. Thats how poor people manage finances. Youre giving the government a 0 interest loan and are just getting back your money that you didnt need to give up in the first place. 