70. Reviewing Your Tax Return: A Skill Everyone Should Know
Episode Highlights
0:00 - Understanding Your Tax Return Form
11:09 - Understanding Tax Deductions and Brackets
20:53 - Tax Credits and Refunds Explanation
28:21 - Tax Return Education Podcast Episode
Episode Summary
Do you know how to read your tax return? Do you review your tax return when your CPA sends it over? Do you know how?
In this episode we explain the numbers on your personal tax return (Form 1040) and how to review your tax return. A skill everyone should have! This episode is perfect for everyone, whether you file your return yourself or pay your CPA to prepare your tax return.
We also explain our progressive tax system, the ins and outs of self-employment taxes, and strategies like S-corp status that could potentially lighten your tax burden. By the end of this episode, you'll be equipped to review tax payments and withholdings with the skill of a seasoned pro, ready for the next tax season without any nasty surprises.
Plus, we tackle the critical step of signing Form 8879 for e-filing, and why aligning the numbers on your tax return with those on the form is not just about accuracy—it's about peace of mind. So, grab your tax return and join us for a session that promises to educate and empower you for future tax seasons.
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