Episode Details
Back to EpisodesBig Tax Refund? Surprise Bill? Here's What to Know
Description
You filed your taxes. And now you're either breathing a sigh of relief… or wondering why you owe more than expected.
CPA, Certified Financial Planner™ and host Deb Meyer shares top lessons from the 2024 tax season, especially for busy parents and small business owners. If you got a refund, you'll learn how to make the most of it. Deb explains why it might not be your tax preparer's fault and how to plan better next year if you owe.
Plus: a simple framework to help you decide what to do with any financial windfall — from tax refunds to bonuses or even unexpected gifts.
What You'll Learn:
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Why filing an extension doesn't give you extra time to pay
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What a big refund really means (and why it may not be a good thing)
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Common mistakes with estimated taxes for small business owners and freelancers
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How to decide between spending, saving, or giving
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Pro strategies for maximizing your refund — or minimizing future surprises
Episode Highlights
(04:22) Tax Refunds
(12:01) Debt Payoff Methods
(15:36) Maximizing Tax Deductions Through Charitable Contributions
(20:59) Savings and Investing Strategies for Funds
Tools, Tips & Resources
2025 Roth IRA Contribution Limits
High-Yield Savings Options: Ally or Capital One
Connect with Deb Meyer
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