Latest / The Coach Approach Ministries Podcast
134 New Tax Laws Will Affect Your Coaching Practice
Brian interviews former Special Agent Laura Sanders who worked almost 10 years for the IRS. Laura identifies five areas where the new tax laws will affect you on your next tax filing.
1. Tax Rates Lowered
2. Child Tax Credit Increased
3. Personal Exemptions Eliminated
4. Flat Standard Deduction vs. Itemized Deductions
5. 20% Deduction for Qualified Trade or Business - Section 199A (the most important section for self-employed coaches)
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.