THE SUNLIGHT TAX BLOG:
Tax and Money Education for Creative People, Freelancers and Solopreneurs
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The Child Care Tax Credit
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Today, I’m sharing important details about the Child and Dependent Care Tax Credit particularly focusing on its relevance for parents during the summer months when childcare costs can be significant. I’ll share how you can use it during the summer months when sending your children to summer camp.
I’m also talking about the difference between a tax credit and a tax deduction and why a credit is more beneficial to the taxpayer.
Join me in this episode to learn how you can take advantage of this tax credit and how it can apply to you.
Listen and Subscribe here
Today, I’m sharing important details about the Child and Dependent Care Tax Credit particularly focusing on its relevance for parents during the summer months when childcare costs can be significant. I’ll share how you can use it during the summer months when sending your children to summer camp.
I’m also talking about the difference between a tax credit and a tax deduction and why a credit is more beneficial to the taxpayer.
Join me in this episode to learn how you can take advantage of this tax credit and how it can apply to you.
Also mentioned in today’s episode:
01:08 Understanding the Child and Dependent Care Tax Credit
04:00 Exploring Summer Camp and Tax Benefits
11:00 Eligibility and Application for the Tax Credit
Takeaways
The Child and Dependent Care Tax Credit helps working parents with childcare costs.
This credit is different from the child tax credit.
Summer camp expenses can qualify for the tax credit.
The credit allows for a percentage of childcare expenses to be claimed.
Tax credits are more beneficial than tax deductions.
Eligibility for the credit requires earned income or full-time student status.
Unemployment income does not count as earned income for this credit.
Both spouses must file jointly to claim the credit if married.
It's important to keep records of care providers for tax purposes.
If you enjoyed this episode, please rate, review and share it!
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Links:
VVRKSHOP, Paddy Johnson: https://www.vvrkshop.art/
Link to pre-order my book, Taxes for Humans: Simplify Your Taxes and Change the World When You’re Self-Employed.
Get your free visual guide to tax deductions
Should You Do A Tax Protest?
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In today’s episode, I’m chatting about the impact of the Trump administration and why I think doing a tax protest is a counterproductive method of political dissent. I’m also giving you some ideas for effective ways you can influence policy if you’re looking to make a difference.
Join me to learn how you can channel your political energy and exercise political power through engagement rather than breaking the law.
Listen and Subscribe Here
In today’s episode, I’m chatting about the impact of the Trump administration and why I think doing a tax protest is a counterproductive method of political dissent. I’m also giving you some ideas for effective ways you can influence policy if you’re looking to make a difference.
Join me to learn how you can channel your political energy and exercise political power through engagement rather than breaking the law.
Also mentioned in today’s episode:
Effective ways of political engagement 7:50
Consequences of a tax protest 9:10
Alternative channels for political protest 16:55
If you enjoyed this episode, please rate, review and share it!
Links:
FREE LIVE CLASS: Make Taxes Easier and Stash an Extra $152k in Your Savings
Tax Pain: Don't Waste It, Learn from It
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Today, I’m talking about how you can use the pain of getting a large tax bill and turn it into an opportunity for financial growth, including funding for your retirement savings and maxing out your IRA contributions.
Join me in this episode to learn how you can transform your current financial challenges into an opportunity for improvement and how you can make sure you are financially secure.
Listen and Subscribe here
Today, I’m talking about how you can use the pain of getting a large tax bill and turn it into an opportunity for financial growth, including funding for your retirement savings and maxing out your IRA contributions.
Join me in this episode to learn how you can transform your current financial challenges into an opportunity for improvement and how you can make sure you are financially secure.
Also mentioned in today’s episode:
Challenges for not paying quarterly taxes 9:52
Financial anxiety and economic security 12:34
Using your current financial situation as a motivator 18:32
If you enjoyed this episode, please rate, review and share it!
Links:
On-demand class on Making Taxes Easier/Best Deal on my program, Money Bootcamp
What's Up with the BOI Reporting/Corporate Transparency Act?
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Have you been wondering what’s going on with the Corporate Transparency Act? Today, I’m diving into the newest update of the Corporate Transparency Act and Beneficial Ownership Information Report, including what you need to do as an entrepreneur to stay proactive.
Listen to this episode to get your up-to-date information on BOI Reporting and how you can make sure you avoid any penalties that may pop up.
Listen and Subscribe Here
Have you been wondering what’s going on with the Corporate Transparency Act? Today, I’m diving into the newest update of the Corporate Transparency Act and Beneficial Ownership Information Report, including what you need to do as an entrepreneur to stay proactive.
Listen to this episode to get your up-to-date information on BOI Reporting and how you can make sure you avoid any penalties that may pop up.
Also mentioned in today’s episode:
Impact on small LLC’s 3:30
Legal challenges and court rulings 4:08
Recommendations for business owners 9:41
If you enjoyed this episode, please rate, review and share it!
Links:
Free Mini-Course on New Rules for LLCs/BOI Report
Check out my program, Money Bootcamp.
2025 Tax Changes
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In this debut episode of 2025, I’m going over some of the new 2025 tax law changes, how they might affect you as an entrepreneur and how you can prepare for these changes.
Join me today to learn how you can make sure you get a head start on these upcoming tax changes.
Listen and Subscribe Here
In this debut episode of 2025, I’m going over some of the new 2025 tax law changes, how they might affect you as an entrepreneur and how you can prepare for these changes.
Join me today to learn how you can make sure you get a head start on these upcoming tax changes.
Also mentioned in today’s episode:
Mileage tracking 1:52
Secure 2.0 Act and retirement contributions 5:44
1099-K changes 9:49
If you enjoyed this episode, please rate, review and share it!
Links:
You can get a 20% discount on MileIQ using this code: HCOL124A
FREE LIVE CLASS: Make Taxes Easier and Stash an Extra $152k in Your Savings
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