THE SUNLIGHT TAX BLOG:
Tax and Money Education for Creative People, Freelancers and Solopreneurs
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- Business Management 12
- Creative Specific 3
- Estimated Quarterly Taxes 2
- General Economy; Tax Policy and Legislation 32
- Get to know Hannah Cole 8
- Interviews and personal stories 23
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- Personal and Career Development 15
- Practical and Tactical Tax 48
- Retirement and Future Success 25
- Sunlight Podcast 127
- Tax Deductions for Freelancers and Self-Employed 4
10 Minute Tax Fix: Do a Paycheck Checkup
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10 Minute Tax Fix: Do a Paycheck Checkup
In this quick and easy episode, I’m talking about something practical you can do in just 15 minutes to make your life easier during tax time.
Join me today to learn how you can do an easy paycheck checkup to prepare for tax season, avoid any surprise tax bills and ensure your withholding is at the right level.
LISTEN AND SUBSCRIBE HERE
In this quick and easy episode, I’m talking about something practical you can do in just 15 minutes to make your life easier during tax time.
Join me today to learn how you can do an easy paycheck checkup to prepare for tax season, avoid any surprise tax bills and ensure your withholding is at the right level.
Also mentioned in today’s episode:
Adjusting your taxes 2:20
Finding your federal income tax rate 4:47
Checking your withholdings 7:45
Using the IRS to calculate your taxes 9:12
If you enjoyed this episode, please rate, review and share it!
Links:
Go to this link to do your Paycheck Checkup: Tax Withholding | Internal Revenue Service
If you have ONLY self-employed income (no W2), you'll need to use this document. IRS Pub 505
Or, the easier path is to join my program, Money Bootcamp, where I teach you how to set up simple bookkeeping, calculate your tax due each quarter, and pay your estimated quarterly taxes with accuracy and peace of mind.
Oops! How to Fix a Tax Mistake
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Oops! How to Fix a Tax Mistake
Have you ever wondered what happens when you make a mistake on your taxes?
In this episode, I’m talking about the most common mistakes people make when filing their taxes, how you can fix them and the basics of an amended tax return.
Join me today to learn how you can easily amend your taxes when you accidentally make a mistake and when you can skip filing an amended return.
LISTEN AND SUBSCRIBE HERE
Have you ever wondered what happens when you make a mistake on your taxes?
In this episode, I’m talking about the most common mistakes people make when filing their taxes, how you can fix them and the basics of an amended tax return.
Join me today to learn how you can easily amend your taxes when you accidentally make a mistake and when you can skip filing an amended return.
Also mentioned in today’s episode:
What is an amended tax return? 2:15
Some of the most frequent mistakes made on taxes 4:35
When you need to file an amended tax return 13:20
Statute of limitations when it comes to filing a tax amendment 18:05
If you enjoyed this episode, please rate, review and share it!
Links:
Amended tax return instructions
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.
LISTEN & SUBSCRIBE HERE
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.
LISTEN & SUBSCRIBE HERE
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
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