It’s that time of year again: tax season. In this episode, Brett shares his tips for maximizing your 2022 tax return.
If you’re like me, you’ve been receiving a lot of mail over the past few weeks that says “important tax information” on it. As you get these envelopes, are you confused and overwhelmed by the entire tax return process?
But do you really understand what deductions you’re eligible for and how to file your taxes correctly so you can maximize your tax return?
If your answer is no, you should be happy to know that you’re not alone. In fact, filing taxes can be a confusing and very intimidating process for many.
So, what I’d like to do with today’s episode is help you make sense of taxes and get the most from your 2022 tax return.
I’ll guide you through the process step by step, from understanding the basics of filing taxes to using deductions to reduce your tax liability. In addition, we’ll cover topics like understanding your tax bracket and share some tips on how to maximize your return. Lastly, we’ll ensure you’re taking advantage of all of the deductions and credits you’re eligible for.
My goal with this episode is to help you take the mystery and stress out of filing your 2022 tax return.
I understand that taxes can be complicated. But with the right information and resources, you can make the process a bit easier.
So, if you’re ready to unravel the mystery of your tax return and get the most out of your return, you’ve come to the right place, my friend.
[03:05] Understanding the six sections of your tax return.
[04:43] Maximizing deductions to reduce your taxable income.
[06:32] Determining your tax bracket.
[09:04] Applying tax credits.
[11:16] Reporting payments you made during the tax year.
[12:54] Calculating your quarterly estimated tax payments for next year.
Looking for more tips for how to grow, scale, and ultimately sell your hair salon business? Check out our other Unchained From the Chair podcast episodes.