THE SUNLIGHT TAX BLOG:
Tax and Money Education for Creative People, Freelancers and Solopreneurs
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What is a Schedule? Capital Gains, Self-Employment Tax and Itemized Deductions
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What is a schedule? Capital Gains, Self-Employment Tax and Itemized Deductions
Today, I’m sharing some tax basics and diving into tax schedules including what tax schedules are and why they exist. I’m also diving into capital gains, itemized deductions and self employment tax.
Join me in this informative episode to learn more about how tax schedules work, how they relate to you and how you can use this information during tax season to make your life easier.
LISTEN & SUBSCRIBE HERE
Today, I’m sharing some tax basics and diving into tax schedules including what tax schedules are and why they exist. I’m also diving into capital gains, itemized deductions and self employment tax.
Join me in this informative episode to learn more about how tax schedules work, how they relate to you and how you can use this information during tax season to make your life easier.
Also mentioned in today’s episode:
The basic structure of a tax return 3:57
What are schedules and why do they exist 7:14
Itemized deductions 10:17
Capital gains 19:30
If you enjoyed this episode, please rate, review and share it!
Links:
Medical Deductions episode: https://pod.link/1640538610/episode/d579b85892ff41b9683a97ccc1dfc60b
Itemizing vs Business Deductions: Ending the Confusion: https://pod.link/1640538610/episode/22ba8efc03cd973d2684f4bc6f424e9d
Medical Expense Deductions: When it's Worth Tracking & How
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Medical Expense Deductions: When it's Worth Tracking & How
Have you ever wondered how medical expense deductions work and if you could potentially qualify?
Today, I’m giving you a deep dive into the medical expense tax deduction, including what it is and who qualifies for it so you can know if you have to prepare to keep track of your medical expenses.
Join me in this episode to learn whether or not you qualify for the medical expense deduction and how you can make sure you take advantage of this important tax deduction if you do qualify.
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Have you ever wondered how medical expense deductions work and if you could potentially qualify?
Today, I’m giving you a deep dive into the medical expense tax deduction, including what it is and who qualifies for it so you can know if you have to prepare to keep track of your medical expenses.
Join me in this episode to learn whether or not you qualify for the medical expense deduction and how you can make sure you take advantage of this important tax deduction if you do qualify.
Also mentioned in today’s episode:
Standard vs. itemized deductions 5:17
The maximum deduction for medical expenses 18:23
How to know when it’s worth it to track your medical expenses 21:06
What is medically deductible 27:19
If you enjoyed this episode, please rate, review and share it!
Links:
Register for the free class, How to Thrive in a Recession (When You're Self-Employed)
Get an extra 4 episodes of my most valuable lessons, with email nudges to help you implement, on my private podcast right here.
What Counts As Taxable Income?
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What Counts As Taxable Income?
It’s easy to get confused when it comes to figuring out what you need to report as income on your tax return.
Today, I’m going over some of the most common ways to receive money as an entrepreneur and talking about what actually counts as income in your business so you can be prepared for your taxes.
Join me in this episode to learn more about determining your total income and how you can make sure you report it correctly to the IRS.
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It’s easy to get confused when it comes to figuring out what you need to report as income on your tax return.
Today, I’m going over some of the most common ways to receive money as an entrepreneur and talking about what actually counts as income in your business so you can be prepared for your taxes.
Join me in this episode to learn more about determining your total income and how you can make sure you report it correctly to the IRS.
Also mentioned in today’s episode:
How to know when something is income and when it’s not 9:54
What is the function of the people you serve? 12:16
Should you itemize your tax return? 13:55
If you enjoyed this episode, please rate, review and share it!
Links:
Sign up for Money Bootcamp:
https://www.sunlighttax.com/moneybootcamp2023
3 Tips for Easier Taxes
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3 Tips for Easier Taxes
Today, I’m sharing my 3 quick and easy tips to make taxes easier for you as an entrepreneur.
Join me in this episode to learn how you can eliminate stress around filing your taxes and make sure you get the most out of your income.
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Today, I’m sharing my 3 quick and easy tips to make taxes easier for you as an entrepreneur.
Join me in this episode to learn how you can eliminate stress around filing your taxes and make sure you get the most out of your income.
Also mentioned in today’s episode:
Where you need to focus your energy and attention on 5:35
Customizing your bookkeeping 10:45
Working with softwares and what you need to know 13:27
If you enjoyed this episode, please rate, review and share it!
Links:
Sign up for Money Bootcamp:
Is it Ok to Get a Tax Extension?
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Is it Ok to Get a Tax Extension?
Do you need a tax extension and you’re freaking out about it?
Today, I’m sharing the details about tax extensions for entrepreneurs and what you need to know about filing for an extension before the April tax deadline. I’m also explaining why tax extensions aren’t as bad as you might have thought.
Join me in this episode to learn some of the top reasons you might need a tax extension and how you can file for one.
LISTEN & SUBSCRIBE HERE
Do you need a tax extension and you’re freaking out about it?
Today, I’m sharing the details about tax extensions for entrepreneurs and what you need to know about filing for an extension before the April tax deadline. I’m also explaining why tax extensions aren’t as bad as you might have thought.
Join me in this episode to learn some of the top reasons you might need a tax extension and how you can file for one.
Also mentioned in today’s episode:
The difference between filing and paying 2:33
Reasons for getting a tax extension 6:38
What you need to be aware of when it comes to tax extensions and the tax deadline 11:58
If you enjoyed this episode, please rate, review and share it!
Links:
Understand Your Taxes and Make Money, register here: https://go.sunlighttax.com/register
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