Your Guide to Individual Tax Brackets [episode 42]

individual tax brackets
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As we wrap up the first round of Profit Shift and prepare for the year-end financial hustle, we’re pulling back the curtain on the intricacies of individual tax brackets. 

By understanding how your income is taxed progressively, you can confidently navigate the financial landscape and ensure you’re making savvy decisions for your business and personal finances. 

Whether your income is solely from your business or combined with your spouse’s earnings, knowing how each dollar is taxed is invaluable for strategic cash flow management.

In this episode, Your Guide to Individual Tax Brackets, I cover:

  • The complexities of the US tax system and a fundamental understanding of individual tax brackets
  • Practical examples to illustrate how your income is distributed across these tax brackets, making it clear how you benefit from lower tax rates on initial earnings before moving up the “bracket stairs”
  • The insights you need to manage your taxes better, ensuring that your hard-earned income isn’t lost to confusion or misinformation

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More about the Profitable Women podcast:

If you find yourself avoiding conversations about money, are burnt out from working all the time and wondering where your cash goes, and are tired of not paying yourself consistently, you are in the right place. 

Profitable Women is for those who don’t want to choose between their career and motherhood. It is to educate you on the financial side of running a profitable and sustainable business. It is a safe place where you are seen and heard in your fears as a business owner. It is where we talk about the money stories that are showing up in your everyday business decisions. It is where we allow ourselves to get curious about the numbers and welcome financial abundance in our lives.  We will talk mindset, financial strategy, and numbers all with the goal of aligning our business to our life. If you believe in what you do and want to make it sustainable while building wealth, Profitable Women is the podcast for you! 

Your host, Sheila Hansen, is a CPA, coach, and business mentor who supports female business owners to make confident financial decisions. In addition to solo episodes, we will hear from other expert female guests who are out there supporting women with the work they do.

As profitable women, we are in this together!

Find more resources at hansenllc.net, and be sure to follow Sheila on IG @Sheila.Hansen.CPA.

[Disclaimer: Any opinions, recommendations, and tips offered on this podcast or other social media forms do not constitute individual tax or accounting advice. This content is designed to provide education and awareness of financial topics and responsibility for the benefit of the general public. Please consult a professional before implementing any of the suggestions made by Sheila or Sheila Hansen, LLC]

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