In today’s episode of the Sunlight Podcast, I’m sharing why it’s so important to review your tax return—even after you’ve filed. We’ll also chat about the power of taking a digital detox during the busy tax season to help you reset and recharge.

I’ll walk you through how to understand the key sections of your tax return, what tax estimates really mean, and how to reconcile what you owed with what you paid.

Plus, I’m offering some simple, practical strategies for adjusting your future payments if your income changes—so you can feel more confident, prepared, and in control come tax time. Whether you’re self-employed or just trying to make sense of your finances, this episode is here to support you!

Also mentioned in today’s episode: 

• 00:00 Digital Detox: A Refreshing Break
• 02:02 Post-Tax Filing: Key Steps for Improvement
• 07:16 Understanding Your Tax Return: Key Insights
• 12:07 Adjusting for Future Taxes: Strategies for Success
• 15:43 Resources for Tax Management: Programs and Support

 

Takeaways

• Digital detox can improve mental clarity during tax season.
• Reviewing your tax return is crucial for financial planning.
• Understanding your tax return helps avoid future whammies.
• Taxes are retroactive; you only know your tax rate after the year ends.
• Your total tax owed is reconciled with what you've paid throughout the year.
• Aim to have your tax payments equal your total tax owed.
• Adjust your estimated taxes based on income fluctuations.
• Self-employed individuals must be proactive with tax payments.
• Utilizing tax programs can simplify the filing process.

 

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Links:

Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You’re Self-Employed.

My On-demand class: Make Taxes Easier and Stash an Extra $152k in Your Savings

Check out my program, Money Bootcamp

Sunlight Podcast Episodes about Quarterly Taxes:

• Two Myths About Quarterly Taxes
• Avoid a Tax Bill: How to Start Estimated Quarterly Taxes
• How to Pay Quarterly Taxes When Your Income Changes