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Confused by Tax Changes? What’s the ONE Thing You Must Know? · Becoming Financially Confident

• 0:37
  Hey,
• 0:37
  let's
• 0:38
  take
• 0:38
  a
• 0:38
  breath
• 0:38
  for
• 0:38
  a
• 0:38
  moment,
• 0:39
  because
• 0:39
  today
• 0:39
  we're
• 0:39
  talking
• 0:40
  about
• 0:40
  something
• 0:40
  that
• 0:40
  stresses
• 0:41
  almost
• 0:41
  everyone
• 0:42
  out,
• 0:42
  and
• 0:42
  that's
• 0:43
  taxes.
• 0:44
  Especially
• 0:44
  when
• 0:44
  the
• 0:45
  rules
• 0:45
  keep
• 0:45
  changing.
• 0:46
  If
• 0:46
  you're
• 0:46
  confused
• 0:47
  by
• 0:47
  the
• 0:47
  new
• 0:47
  tax
• 0:48
  changes,
• 0:48
  you're
• 0:49
  in
• 0:49
  good
• 0:49
  company.
• 0:50
  Every
• 0:50
  single
• 0:50
  year,
• 0:50
  the
• 0:51
  IRS
• 0:51
  shifts
• 0:52
  something.
• 0:52
  Brackets
• 0:53
  move,
• 0:53
  deductions
• 0:54
  change,
• 0:55
  credits
• 0:55
  get
• 0:56
  added
• 0:56
  or
• 0:56
  taken
• 0:56
  away.
• 0:57
  And
• 0:57
  you
• 0:57
  start
• 0:58
  wondering,
• 0:58
  how
• 0:59
  am
• 0:59
  I
• 0:59
  ever
• 0:59
  supposed
• 1:00
  to
• 1:00
  keep
• 1:00
  up
• 1:00
  with
• 1:00
  all
• 1:00
  this?
• 1:01
  But
• 1:02
  here's
• 1:02
  the
• 1:02
  part
• 1:02
  that
• 1:02
  people
• 1:03
  never
• 1:03
  hear.
• 1:04
  You
• 1:04
  don't
• 1:04
  need
• 1:04
  to
• 1:04
  understand
• 1:05
  every
• 1:05
  new
• 1:05
  rule.
• 1:06
  You
• 1:06
  just
• 1:06
  need
• 1:07
  to
• 1:07
  understand
• 1:07
  one
• 1:08
  thing.
• 1:08
  Just
• 1:08
  one
• 1:08
  simple
• 1:09
  thing
• 1:09
  that
• 1:09
  will
• 1:10
  protect
• 1:10
  you
• 1:10
  from
• 1:10
  surprise
• 1:11
  tax
• 1:11
  bills.
• 1:12
  Those
• 1:12
  unexpected
• 1:12
  IRS
• 1:13
  letters
• 1:13
  and,
• 1:13
  hey,
• 1:14
  nobody
• 1:14
  wants
• 1:14
  those.
• 1:15
  And
• 1:15
  that
• 1:15
  awful
• 1:16
  April
• 1:16
  anxiety.
• 1:17
  And
• 1:17
  the
• 1:18
  next
• 1:18
  few
• 1:18
  minutes,
• 1:18
  I'm
• 1:19
  going
• 1:19
  to
• 1:19
  show
• 1:19
  you
• 1:19
  exactly
• 1:20
  what
• 1:20
  that
• 1:20
  one
• 1:20
  thing
• 1:21
  is
• 1:21
  and
• 1:21
  how
• 1:21
  you
• 1:22
  can
• 1:22
  give
• 1:22
  it
• 1:22
  more
• 1:22
  peace
• 1:23
  all
• 1:23
  year
• 1:24
  long.
• 1:44
  Welcome
• 1:45
  back.
• 1:45
  I'm
• 1:45
  Ralph,
• 1:45
  and
• 1:45
  if
• 1:46
  you're
• 1:46
  new
• 1:46
  here,
• 1:46
  welcome
• 1:47
  home.
• 1:47
  This
• 1:47
  is
• 1:47
  Financially
• 1:48
  Confident
• 1:48
  Christian,
• 1:49
  where
• 1:49
  we
• 1:49
  talk
• 1:50
  about
• 1:50
  faith,
• 1:50
  we
• 1:51
  talk
• 1:51
  about
• 1:51
  finances,
• 1:52
  we
• 1:52
  talk
• 1:52
  about
• 1:52
  peace,
• 1:53
  and
• 1:53
  how
• 1:53
  to
• 1:54
  become
• 1:54
  a
• 1:54
  faithful
• 1:54
  steward
• 1:55
  of
• 1:55
  everything
• 1:56
  God
• 1:56
  puts
• 1:56
  in
• 1:56
  your
• 1:57
  hands.
• 1:57
  And
• 1:58
  today's
• 1:58
  episode
• 1:59
  is
• 1:59
  all
• 1:59
  about
• 1:59
  clarity.
• 2:00
  Because
• 2:00
  tax
• 2:01
  confusion
• 2:02
  doesn't
• 2:02
  just
• 2:02
  create
• 2:03
  frustration.
• 2:04
  It
• 2:04
  can
• 2:04
  steal
• 2:04
  your
• 2:04
  peace.
• 2:05
  It
• 2:05
  can
• 2:05
  steal
• 2:06
  your
• 2:06
  confidence.
• 2:07
  And
• 2:07
  let's
• 2:07
  be
• 2:08
  honest,
• 2:08
  it
• 2:08
  steals
• 2:09
  the
• 2:09
  joy
• 2:09
  God
• 2:10
  wants
• 2:10
  you
• 2:10
  to
• 2:10
  walk
• 2:10
  in.
• 2:11
  But
• 2:11
  it
• 2:11
  doesn't
• 2:11
  have
• 2:11
  to
• 2:11
  do
• 2:12
  that.
• 2:12
  Not
• 2:13
  for
• 2:13
  you,
• 2:13
  not
• 2:14
  this
• 2:14
  year.
• 2:14
  Let's
• 2:15
  break
• 2:15
  this
• 2:15
  down
• 2:15
  in
• 2:15
  a
• 2:16
  way
• 2:16
  that
• 2:16
  makes
• 2:16
  sense.
• 2:17
  I
• 2:17
  received
• 2:17
  a
• 2:18
  message
• 2:18
  that
• 2:18
  said
• 2:18
  this,
• 2:18
  Ralph.
• 2:19
  Every
• 2:19
  year,
• 2:19
  the
• 2:19
  tax
• 2:20
  rules
• 2:20
  change,
• 2:21
  the
• 2:21
  bracket
• 2:22
  shifts,
• 2:22
  credits
• 2:22
  disappear,
• 2:23
  and
• 2:23
  new
• 2:23
  ones
• 2:23
  pop
• 2:23
  up.
• 2:24
  I
• 2:24
  just
• 2:25
  want
• 2:25
  to
• 2:25
  keep
• 2:25
  things
• 2:26
  simple.
• 2:26
  I
• 2:27
  just
• 2:27
  want
• 2:27
  to
• 2:27
  be
• 2:27
  prepared.
• 2:29
  How
• 2:29
  do
• 2:29
  I
• 2:29
  do
• 2:29
  this
• 2:30
  without
• 2:30
  getting
• 2:30
  overwhelmed?
• 2:31
  Listen,
• 2:31
  I
• 2:32
  hear
• 2:32
  that
• 2:32
  a
• 2:32
  lot.
• 2:33
  I
• 2:33
  hear
• 2:33
  that
• 2:33
  from
• 2:33
  clients.
• 2:34
  I
• 2:34
  hear
• 2:34
  that
• 2:35
  from
• 2:35
  friends.
• 2:35
  I
• 2:35
  hear
• 2:36
  that
• 2:36
  from
• 2:36
  everyday
• 2:36
  people
• 2:37
  who
• 2:37
  generally
• 2:37
  just
• 2:37
  want
• 2:38
  to
• 2:38
  do
• 2:38
  the
• 2:38
  right
• 2:38
  thing.
• 2:38
  I
• 2:39
  think
• 2:39
  most
• 2:39
  people,
• 2:40
  when
• 2:40
  it
• 2:40
  comes
• 2:40
  to
• 2:40
  taxes,
• 2:41
  they
• 2:41
  want
• 2:41
  to
• 2:41
  do
• 2:41
  the
• 2:42
  right
• 2:42
  thing
• 2:42
  because
• 2:42
  they
• 2:42
  don't
• 2:42
  want
• 2:43
  that
• 2:43
  dreaded
• 2:43
  IRS
• 2:44
  notice
• 2:44
  or,
• 2:44
  hey,
• 2:44
  heaven
• 2:45
  forbid,
• 2:45
  that
• 2:45
  IRS
• 2:46
  audit.
• 2:47
  And
• 2:47
  that
• 2:48
  question
• 2:48
  right
• 2:48
  there
• 2:49
  is
• 2:49
  exactly
• 2:49
  why
• 2:50
  this
• 2:50
  episode
• 2:50
  matters.
• 2:51
  So
• 2:51
  let's
• 2:51
  talk
• 2:52
  about
• 2:52
  what
• 2:52
  you're
• 2:52
  really
• 2:53
  feeling,
• 2:54
  because
• 2:54
  before
• 2:54
  we
• 2:54
  get
• 2:54
  into
• 2:55
  the
• 2:55
  details,
• 2:55
  let's
• 2:56
  name
• 2:56
  the
• 2:56
  emotion
• 2:57
  behind
• 2:57
  all
• 2:57
  this.
• 2:58
  Taxes
• 2:59
  can
• 2:59
  feel
• 2:59
  like
• 2:59
  a
• 2:59
  moving
• 3:00
  target
• 3:00
  for
• 3:00
  so
• 3:00
  many
• 3:01
  people.
• 3:01
  Now
• 3:01
  I'm
• 3:01
  a
• 3:01
  tax
• 3:01
  expert.
• 3:02
  For
• 3:02
  me,
• 3:02
  it
• 3:03
  just
• 3:03
  makes
• 3:03
  sense.
• 3:04
  But
• 3:04
  for
• 3:04
  so
• 3:05
  many
• 3:05
  people,
• 3:05
  right
• 3:05
  when
• 3:05
  you
• 3:06
  finally
• 3:06
  understood
• 3:07
  something,
• 3:07
  guess
• 3:07
  what
• 3:08
  happens?
• 3:08
  The
• 3:08
  IRS
• 3:09
  changes
• 3:09
  it
• 3:09
  again.
• 3:10
  But
• 3:10
  here's
• 3:11
  what
• 3:11
  I
• 3:11
  want
• 3:11
  you
• 3:11
  to
• 3:11
  hear,
• 3:12
  loud
• 3:12
  and
• 3:13
  clear.
• 3:14
  Complex
• 3:14
  doesn't
• 3:15
  have
• 3:15
  to
• 3:15
  mean
• 3:15
  confusing,
• 3:16
  and
• 3:16
  you
• 3:16
  don't
• 3:16
  have
• 3:17
  to
• 3:17
  feel
• 3:17
  overwhelmed
• 3:18
  all
• 3:18
  the
• 3:18
  time.
• 3:18
  A
• 3:19
  Few
• 3:19
  simple
• 3:19
  adjustments
• 3:20
  can
• 3:20
  give
• 3:20
  you
• 3:21
  a
• 3:21
  whole
• 3:21
  lot
• 3:21
  of
• 3:21
  peace.
• 3:23
  Let's
• 3:23
  talk
• 3:23
  about
• 3:23
  first,
• 3:24
  what
• 3:24
  actually
• 3:24
  changes
• 3:25
  each
• 3:25
  year?
• 3:26
  Let's
• 3:26
  take
• 3:26
  the
• 3:26
  mystery
• 3:27
  out
• 3:27
  of
• 3:27
  it.
• 3:27
  Every
• 3:28
  single
• 3:28
  year,
• 3:28
  these
• 3:29
  things
• 3:29
  shift.
• 3:29
  These
• 3:29
  are
• 3:30
  guaranteed
• 3:30
  things.
• 3:31
  The
• 3:31
  tax
• 3:31
  brackets
• 3:32
  are
• 3:32
  going
• 3:32
  to
• 3:32
  change.
• 3:32
  That's
• 3:32
  how
• 3:33
  we
• 3:33
  figure
• 3:33
  out
• 3:33
  what
• 3:34
  tax
• 3:34
  rate
• 3:34
  you
• 3:34
  pay.
• 3:35
  The
• 3:35
  standard
• 3:35
  deduction
• 3:36
  changes
• 3:37
  every
• 3:37
  single
• 3:37
  year
• 3:37
  because
• 3:38
  they
• 3:38
  do
• 3:38
  what's
• 3:38
  called
• 3:38
  indexing
• 3:39
  for
• 3:39
  inflation.
• 3:40
  They
• 3:40
  give
• 3:40
  you
• 3:40
  a
• 3:41
  little
• 3:41
  bit
• 3:41
  more
• 3:41
  deductions.
• 3:42
  Oftentimes
• 3:43
  credit
• 3:44
  amounts
• 3:44
  change,
• 3:44
  although
• 3:44
  that's
• 3:45
  always
• 3:45
  not
• 3:45
  the
• 3:45
  case
• 3:46
  in
• 3:46
  this
• 3:46
  year
• 3:46
  with
• 3:47
  the
• 3:47
  big
• 3:47
  beautiful
• 3:47
  bill,
• 3:47
  there
• 3:48
  are
• 3:48
  some
• 3:48
  credit
• 3:48
  changes
• 3:49
  in
• 3:50
  many
• 3:50
  years,
• 3:50
  income
• 3:51
  thresholds
• 3:52
  change
• 3:52
  and
• 3:52
  phase
• 3:53
  out
• 3:53
  changes.
• 3:54
  Now
• 3:54
  in
• 3:54
  if
• 3:54
  you're
• 3:55
  self
• 3:55
  employed
• 3:55
  or
• 3:55
  retired,
• 3:56
  these
• 3:56
  changes
• 3:57
  can
• 3:57
  hit
• 3:57
  your
• 3:57
  return
• 3:58
  even
• 3:58
  harder.
• 3:58
  So
• 3:58
  that's
• 3:59
  why
• 3:59
  you've
• 3:59
  really
• 3:59
  got
• 3:59
  to
• 3:59
  understand
• 4:00
  this.
• 4:01
  So
• 4:01
  here's
• 4:01
  the
• 4:01
  line
• 4:02
  that
• 4:02
  really
• 4:02
  frames
• 4:02
  this
• 4:03
  whole
• 4:03
  episode.
• 4:03
  Today,
• 4:04
  clarity
• 4:05
  today
• 4:05
  beats
• 4:06
  surprise
• 4:07
  tomorrow.
• 4:07
  It's
• 4:08
  simple
• 4:08
  as
• 4:08
  that.
• 4:09
  And
• 4:09
  here's
• 4:09
  why.
• 4:09
  You
• 4:10
  can
• 4:10
  trust
• 4:10
  what
• 4:10
  I'm
• 4:10
  about
• 4:11
  to
• 4:11
  share.
• 4:12
  You're
• 4:12
  not
• 4:12
  guessing.
• 4:13
  You're
• 4:13
  learning
• 4:14
  from
• 4:14
  my
• 4:14
  experience.
• 4:15
  Listen,
• 4:15
  I've
• 4:15
  been
• 4:16
  a
• 4:16
  licensed
• 4:17
  accountant
• 4:17
  for
• 4:17
  over
• 4:17
  30
• 4:18
  years.
• 4:19
  I
• 4:19
  spent
• 4:19
  my
• 4:19
  days
• 4:20
  translating
• 4:20
  IRS
• 4:21
  language.
• 4:21
  And
• 4:22
  listen,
• 4:22
  that
• 4:22
  can
• 4:22
  be
• 4:22
  some
• 4:23
  crazy
• 4:23
  stuff.
• 4:23
  I
• 4:24
  but
• 4:24
  I've
• 4:24
  spent
• 4:24
  my
• 4:25
  days
• 4:25
  translating
• 4:25
  that
• 4:26
  into
• 4:26
  normal
• 4:27
  human
• 4:27
  language
• 4:28
  so
• 4:28
  real
• 4:29
  people,
• 4:29
  just
• 4:29
  like
• 4:29
  you,
• 4:30
  can
• 4:30
  make
• 4:30
  real
• 4:30
  decisions
• 4:31
  without
• 4:32
  stressing
• 4:32
  themselves
• 4:32
  out.
• 4:33
  And
• 4:33
  I've
• 4:34
  helped
• 4:34
  thousands
• 4:35
  avoid
• 4:35
  those
• 4:35
  surprise
• 4:36
  tax
• 4:36
  bills
• 4:37
  in
• 4:37
  January
• 4:37
  by
• 4:38
  making
• 4:38
  just
• 4:38
  tiny
• 4:39
  adjustments
• 4:39
  that
• 4:40
  take
• 4:40
  less
• 4:40
  than
• 4:40
  five
• 4:41
  minutes.
• 4:42
  My
• 4:42
  goal
• 4:42
  here
• 4:42
  isn't
• 4:43
  to
• 4:43
  impress
• 4:43
  you,
• 4:44
  it's
• 4:44
  to
• 4:44
  guide
• 4:45
  you.
• 4:45
  Well,
• 4:45
  let
• 4:45
  me
• 4:45
  get
• 4:45
  real
• 4:46
  for
• 4:46
  an
• 4:46
  example.
• 4:47
  This
• 4:47
  brings
• 4:47
  it
• 4:47
  all
• 4:48
  together.
• 4:48
  A
• 4:48
  client
• 4:49
  once
• 4:49
  told
• 4:49
  me
• 4:49
  she
• 4:50
  hated
• 4:50
  tax
• 4:50
  season.
• 4:50
  I'm
• 4:51
  talking
• 4:51
  about
• 4:51
  she
• 4:52
  hated
• 4:53
  tax
• 4:53
  season.
• 4:54
  And
• 4:54
  the
• 4:54
  reason
• 4:54
  she
• 4:55
  hated
• 4:55
  it,
• 4:55
  because
• 4:55
  every
• 4:56
  year
• 4:56
  felt
• 4:57
  unpredictable.
• 4:57
  She
• 4:57
  never
• 4:58
  knew
• 4:58
  what
• 4:58
  she
• 4:58
  was
• 4:58
  walking
• 4:59
  into
• 4:59
  when
• 4:59
  she
• 4:59
  came
• 5:00
  into
• 5:00
  my
• 5:00
  office.
• 5:01
  So
• 5:01
  I
• 5:01
  sent
• 5:02
  her
• 5:02
  this
• 5:02
  simple
• 5:02
  one
• 5:03
  page
• 5:03
  summary
• 5:04
  of
• 5:04
  the
• 5:04
  new
• 5:04
  tax
• 5:05
  changes.
• 5:06
  Now,
• 5:06
  she
• 5:06
  didn't
• 5:06
  have
• 5:07
  to
• 5:07
  study
• 5:07
  it.
• 5:07
  She
• 5:08
  didn't
• 5:08
  go
• 5:08
  down
• 5:08
  a
• 5:08
  rabbit
• 5:09
  hole
• 5:09
  of
• 5:09
  understanding
• 5:10
  every
• 5:10
  single
• 5:10
  thing
• 5:11
  on
• 5:11
  it.
• 5:11
  She
• 5:12
  just
• 5:12
  read
• 5:12
  it.
• 5:13
  And
• 5:13
  when
• 5:13
  she
• 5:13
  read
• 5:14
  it,
• 5:14
  she
• 5:14
  noticed
• 5:14
  one
• 5:14
  credit
• 5:15
  had
• 5:15
  changed.
• 5:16
  And
• 5:16
  when
• 5:17
  she
• 5:17
  saw
• 5:17
  that,
• 5:17
  she
• 5:17
  adjusted
• 5:18
  her
• 5:18
  withholding.
• 5:19
  And
• 5:19
  then
• 5:19
  she
• 5:19
  checked
• 5:19
  again
• 5:20
  mid
• 5:20
  year.
• 5:20
  And,
• 5:20
  and
• 5:20
  when
• 5:21
  April
• 5:21
  came,
• 5:21
  guess
• 5:22
  what?
• 5:22
  No
• 5:22
  scramble,
• 5:23
  no
• 5:24
  panic,
• 5:24
  no
• 5:24
  surprise.
• 5:25
  Bill.
• 5:26
  And
• 5:26
  when
• 5:26
  she
• 5:26
  came
• 5:26
  in
• 5:26
  to
• 5:27
  see
• 5:27
  me,
• 5:27
  she
• 5:27
  said,
• 5:27
  ralph,
• 5:27
  that
• 5:28
  was
• 5:28
  the
• 5:28
  calmest
• 5:28
  tax
• 5:29
  season
• 5:29
  I've
• 5:29
  ever
• 5:29
  had.
• 5:30
  Well,
• 5:31
  that's
• 5:31
  how
• 5:31
  powerful
• 5:31
  a
• 5:32
  little
• 5:32
  awareness
• 5:32
  can
• 5:33
  be.
• 5:34
  So
• 5:34
  now
• 5:34
  you
• 5:34
  might
• 5:34
  be
• 5:35
  asking,
• 5:35
  ralph,
• 5:35
  how
• 5:35
  do
• 5:36
  I
• 5:36
  do
• 5:36
  this?
• 5:37
  Let's
• 5:37
  keep
• 5:37
  it
• 5:37
  simple.
• 5:38
  Here's
• 5:38
  four
• 5:38
  steps
• 5:39
  to
• 5:39
  stay
• 5:39
  prepared
• 5:40
  without
• 5:40
  overwhelm.
• 5:41
  Step
• 5:41
  Number
• 5:42
  one,
• 5:42
  check
• 5:43
  your
• 5:43
  bracket
• 5:43
  and
• 5:43
  standard
• 5:44
  deduction.
• 5:44
  These
• 5:44
  are
• 5:45
  the
• 5:45
  two
• 5:45
  numbers
• 5:45
  that
• 5:46
  affect
• 5:46
  almost
• 5:47
  everyone.
• 5:47
  And
• 5:48
  you
• 5:48
  can
• 5:48
  take
• 5:48
  just
• 5:48
  two
• 5:49
  minutes
• 5:49
  to
• 5:49
  avoid
• 5:50
  that
• 5:50
  classic
• 5:50
  April
• 5:51
  question.
• 5:51
  Because
• 5:51
  listen,
• 5:51
  I
• 5:52
  hear
• 5:52
  this
• 5:52
  every
• 5:53
  April,
• 5:53
  Ralph.
• 5:53
  Why
• 5:54
  do
• 5:54
  I
• 5:54
  owe
• 5:54
  more
• 5:54
  this
• 5:55
  year?
• 5:55
  That's
• 5:56
  because
• 5:56
  you
• 5:56
  don't
• 5:57
  understand
• 5:57
  those
• 5:58
  two
• 5:58
  numbers.
• 5:58
  And
• 5:58
  those
• 5:59
  two
• 5:59
  numbers
• 5:59
  will
• 5:59
  give
• 6:00
  you
• 6:00
  instant
• 6:01
  clarity.
• 6:01
  So
• 6:02
  check
• 6:02
  your
• 6:02
  bracket
• 6:03
  and
• 6:03
  your
• 6:03
  standard
• 6:04
  deduction.
• 6:04
  Second
• 6:05
  thing,
• 6:05
  you've
• 6:06
  got
• 6:06
  to
• 6:06
  review
• 6:06
  the
• 6:07
  credits
• 6:07
  that
• 6:07
  apply
• 6:08
  to
• 6:08
  you
• 6:09
  because
• 6:09
  here's
• 6:09
  the
• 6:09
  truth.
• 6:10
  Credits
• 6:10
  change
• 6:11
  more
• 6:11
  often
• 6:11
  than
• 6:11
  deductions.
• 6:12
  Generally,
• 6:12
  deductions
• 6:13
  don't
• 6:13
  change
• 6:13
  that
• 6:14
  often,
• 6:14
  but
• 6:14
  credits
• 6:14
  do,
• 6:15
  and
• 6:15
  they
• 6:15
  can
• 6:16
  swing
• 6:16
  your
• 6:16
  refund
• 6:17
  instantly.
• 6:17
  I
• 6:17
  see
• 6:17
  this
• 6:18
  all
• 6:18
  the
• 6:18
  time
• 6:18
  with
• 6:19
  people
• 6:19
  whose
• 6:19
  children
• 6:20
  get
• 6:20
  to
• 6:20
  be
• 6:21
  age
• 6:21
  17
• 6:21
  and
• 6:22
  they've
• 6:22
  gotten
• 6:22
  that
• 6:22
  child
• 6:23
  tax
• 6:23
  credit
• 6:23
  of
• 6:24
  a
• 6:24
  couple
• 6:24
  thousand
• 6:24
  dollars
• 6:25
  up
• 6:25
  to
• 6:25
  this
• 6:25
  point.
• 6:25
  Then
• 6:25
  all
• 6:25
  of
• 6:26
  a
• 6:26
  sudden
• 6:26
  they
• 6:26
  come
• 6:26
  in
• 6:26
  and
• 6:26
  I'm
• 6:26
  like,
• 6:26
  okay,
• 6:27
  well
• 6:27
  your
• 6:27
  credit
• 6:28
  this
• 6:28
  year
• 6:28
  is
• 6:28
  only
• 6:29
  500.
• 6:29
  Like,
• 6:29
  Ralph,
• 6:30
  what
• 6:30
  happened?
• 6:30
  And
• 6:31
  I
• 6:31
  said,
• 6:31
  remember
• 6:31
  I
• 6:32
  warned
• 6:32
  you
• 6:32
  last
• 6:32
  year
• 6:33
  when
• 6:33
  your
• 6:33
  kids
• 6:33
  turn
• 6:34
  17,
• 6:34
  that
• 6:34
  credit
• 6:35
  changes.
• 6:36
  So
• 6:36
  understand
• 6:37
  the
• 6:37
  common
• 6:37
  ones.
• 6:38
  Like
• 6:38
  I
• 6:38
  just
• 6:38
  talked
• 6:38
  about
• 6:39
  the
• 6:39
  child
• 6:39
  tax
• 6:40
  credit.
• 6:40
  Education
• 6:41
  credits
• 6:41
  change.
• 6:42
  There
• 6:42
  are
• 6:42
  income
• 6:43
  phase
• 6:43
  out
• 6:43
  limits.
• 6:44
  Maybe
• 6:44
  your
• 6:44
  kids
• 6:44
  graduate
• 6:45
  from
• 6:45
  college.
• 6:46
  There
• 6:46
  are
• 6:46
  energy
• 6:47
  credits.
• 6:47
  That
• 6:47
  energy
• 6:48
  credit
• 6:48
  thing,
• 6:48
  I'm
• 6:49
  going
• 6:49
  to
• 6:49
  tell
• 6:49
  you
• 6:49
  right
• 6:49
  now,
• 6:49
  it
• 6:50
  gets
• 6:50
  crazy.
• 6:51
  It
• 6:51
  seems
• 6:51
  to
• 6:51
  change
• 6:51
  every
• 6:52
  year.
• 6:52
  There's
• 6:52
  a
• 6:53
  savers
• 6:53
  credit
• 6:54
  and
• 6:54
  this
• 6:54
  one
• 6:54
  is
• 6:54
  a
• 6:54
  new
• 6:55
  one.
• 6:55
  There's
• 6:55
  going
• 6:55
  to
• 6:55
  be
• 6:55
  some
• 6:55
  new
• 6:56
  elderly,
• 6:56
  Social
• 6:56
  Security
• 6:57
  and
• 6:57
  disability
• 6:58
  credits.
• 6:58
  Well,
• 6:59
  if
• 6:59
  you
• 6:59
  know
• 6:59
  which
• 6:59
  ones
• 6:59
  apply
• 7:00
  to
• 7:00
  you,
• 7:00
  it
• 7:00
  keeps
• 7:01
  you
• 7:01
  from
• 7:01
  missing
• 7:01
  benefits
• 7:02
  that
• 7:02
  God
• 7:03
  already
• 7:03
  provided
• 7:04
  through
• 7:04
  the
• 7:04
  tax
• 7:04
  code.
• 7:04
  And
• 7:04
  yes,
• 7:05
  God
• 7:05
  provides
• 7:06
  you
• 7:06
  benefits
• 7:06
  through
• 7:07
  the
• 7:07
  tax
• 7:07
  code.
• 7:08
  Let's
• 7:08
  move
• 7:08
  on
• 7:08
  to
• 7:09
  number
• 7:09
  three
• 7:09
  and
• 7:10
  I'm
• 7:10
  going
• 7:10
  to
• 7:10
  take
• 7:10
  a
• 7:10
  minute
• 7:10
  to
• 7:11
  talk
• 7:11
  about
• 7:11
  if
• 7:11
  you're
• 7:11
  self
• 7:12
  employed.
• 7:13
  A
• 7:13
  lot
• 7:13
  of
• 7:13
  the
• 7:13
  people
• 7:13
  that
• 7:13
  tune
• 7:14
  into
• 7:14
  the
• 7:14
  show
• 7:14
  are
• 7:15
  self
• 7:15
  employed.
• 7:15
  They're
• 7:15
  small
• 7:16
  business
• 7:16
  owners.
• 7:17
  So
• 7:17
  if
• 7:17
  you're
• 7:17
  self
• 7:18
  employed,
• 7:18
  this
• 7:18
  is
• 7:19
  a
• 7:19
  great
• 7:19
  time
• 7:19
  to
• 7:20
  revisit
• 7:20
  your
• 7:20
  quarterlies,
• 7:21
  make
• 7:21
  sure
• 7:21
  you've
• 7:21
  been
• 7:21
  making
• 7:22
  those
• 7:22
  payments,
• 7:23
  revisit
• 7:23
  your
• 7:23
  deductions,
• 7:24
  make
• 7:24
  sure
• 7:24
  you've
• 7:24
  got
• 7:25
  your
• 7:25
  books
• 7:25
  in
• 7:25
  order,
• 7:25
  check
• 7:26
  your
• 7:26
  mileage.
• 7:27
  Maybe
• 7:27
  you
• 7:27
  need
• 7:27
  to
• 7:28
  buy
• 7:28
  some
• 7:28
  equipment,
• 7:29
  maybe
• 7:29
  you
• 7:29
  need
• 7:29
  to
• 7:29
  take
• 7:29
  a
• 7:29
  deduction
• 7:30
  for
• 7:30
  some
• 7:30
  things.
• 7:31
  Look
• 7:31
  at
• 7:31
  your
• 7:31
  home
• 7:32
  office
• 7:32
  rules
• 7:33
  and
• 7:33
  listen
• 7:33
  to
• 7:34
  me.
• 7:34
  Make
• 7:34
  sure
• 7:35
  you've
• 7:35
  made
• 7:35
  those
• 7:36
  quarterly
• 7:36
  estimated
• 7:37
  taxes,
• 7:37
  that
• 7:38
  you're
• 7:38
  ready
• 7:38
  for
• 7:38
  tax
• 7:39
  time
• 7:39
  because
• 7:39
  that
• 7:40
  one
• 7:40
  step
• 7:40
  prevents
• 7:41
  a
• 7:41
  year
• 7:41
  of
• 7:42
  stress.
• 7:43
  And
• 7:43
  last
• 7:43
  but
• 7:44
  not
• 7:44
  least,
• 7:44
  number
• 7:44
  four,
• 7:45
  adjust
• 7:45
  your
• 7:46
  withholding
• 7:46
  or
• 7:46
  contributions
• 7:47
  now
• 7:48
  because
• 7:48
  you
• 7:48
  can
• 7:48
  make
• 7:49
  a
• 7:49
  tiny
• 7:49
  tweak
• 7:49
  right
• 7:50
  now
• 7:50
  in
• 7:50
  December
• 7:51
  that
• 7:51
  can
• 7:51
  create
• 7:51
  a
• 7:52
  huge
• 7:52
  amount
• 7:52
  of
• 7:53
  common
• 7:53
  April.
• 7:54
  Because
• 7:54
  here's
• 7:54
  the
• 7:54
  thing,
• 7:54
  I've
• 7:55
  learned
• 7:55
  over
• 7:55
  30
• 7:55
  years
• 7:56
  in
• 7:56
  practice,
• 7:57
  most
• 7:57
  surprise
• 7:58
  tax
• 7:58
  bills
• 7:58
  come
• 7:59
  from
• 7:59
  withholding
• 8:00
  mistakes,
• 8:00
  not
• 8:00
  income
• 8:01
  changes.
• 8:02
  It's
• 8:02
  really
• 8:02
  that
• 8:02
  simple.
• 8:03
  And
• 8:03
  here's
• 8:03
  a
• 8:04
  special
• 8:04
  shout
• 8:04
  out
• 8:04
  to
• 8:04
  my
• 8:05
  retired
• 8:05
  folks.
• 8:06
  If
• 8:06
  you're
• 8:06
  retired,
• 8:06
  this
• 8:07
  is,
• 8:07
  this
• 8:07
  is
• 8:07
  a
• 8:07
  great
• 8:08
  time
• 8:08
  to
• 8:08
  check
• 8:08
  on
• 8:08
  your
• 8:08
  Social
• 8:09
  Security,
• 8:09
  your
• 8:10
  pensions
• 8:10
  and
• 8:10
  your
• 8:11
  retirement
• 8:11
  withdrawals.
• 8:12
  First
• 8:12
  of
• 8:12
  all,
• 8:12
  make
• 8:12
  sure
• 8:13
  you're
• 8:13
  adequately
• 8:13
  preparing
• 8:14
  estimated
• 8:15
  tax
• 8:15
  for
• 8:15
  that.
• 8:15
  And
• 8:16
  listen,
• 8:16
  if
• 8:16
  you've
• 8:16
  got
• 8:16
  a
• 8:17
  retirement
• 8:17
  account
• 8:17
  and
• 8:18
  you've
• 8:18
  gotta
• 8:18
  take
• 8:18
  what
• 8:19
  they
• 8:19
  call
• 8:19
  an
• 8:19
  RMD
• 8:20
  required
• 8:20
  minimum
• 8:20
  distribution,
• 8:21
  make
• 8:21
  sure
• 8:22
  you're
• 8:22
  reaching
• 8:22
  out
• 8:22
  to
• 8:22
  your
• 8:23
  broker
• 8:23
  right
• 8:23
  now
• 8:23
  in
• 8:24
  December
• 8:24
  to
• 8:24
  make
• 8:25
  sure
• 8:25
  that's
• 8:25
  fixed.
• 8:25
  Because
• 8:26
  if
• 8:26
  you
• 8:26
  fix
• 8:26
  it
• 8:26
  now,
• 8:27
  you
• 8:27
  won't
• 8:27
  be
• 8:28
  anxious
• 8:28
  later.
• 8:29
  Let's
• 8:30
  anchor
• 8:30
  this
• 8:30
  spiritually
• 8:31
  because
• 8:32
  this
• 8:32
  isn't
• 8:32
  just
• 8:32
  about
• 8:32
  money.
• 8:33
  It's
• 8:33
  about
• 8:34
  stewardship.
• 8:34
  And
• 8:34
  that's
• 8:35
  what
• 8:35
  this
• 8:35
  whole
• 8:35
  show
• 8:35
  is
• 8:35
  about,
• 8:36
  how
• 8:36
  to
• 8:36
  effectively
• 8:37
  steward
• 8:37
  your
• 8:37
  money.
• 8:38
  Look
• 8:38
  at
• 8:38
  the
• 8:38
  Book
• 8:38
  of
• 8:38
  Matthew,
• 8:39
  chapter
• 8:39
  22,
• 8:40
  verse
• 8:40
  21.
• 8:41
  It
• 8:41
  says
• 8:41
  this,
• 8:42
  Give
• 8:42
  back
• 8:42
  to
• 8:42
  Caesar.
• 8:43
  What
• 8:43
  is
• 8:43
  Caesar's
• 8:44
  and
• 8:44
  give
• 8:45
  to
• 8:45
  God.
• 8:45
  What
• 8:45
  is
• 8:46
  God's?
• 8:47
  Handling
• 8:48
  taxes
• 8:48
  with
• 8:48
  integrity
• 8:49
  is
• 8:49
  part
• 8:49
  of
• 8:50
  faithfully
• 8:50
  managing
• 8:51
  what
• 8:51
  God
• 8:51
  gives
• 8:51
  us.
• 8:52
  It's
• 8:53
  not
• 8:53
  about
• 8:53
  fear.
• 8:53
  A
• 8:53
  lot
• 8:54
  of
• 8:54
  people
• 8:54
  fear
• 8:54
  taxes,
• 8:55
  but
• 8:55
  it's
• 8:56
  not
• 8:56
  about
• 8:56
  that.
• 8:56
  It's
• 8:57
  about
• 8:57
  wisdom
• 8:58
  and
• 8:58
  obedience.
• 9:00
  Well,
• 9:00
  how
• 9:00
  about
• 9:00
  we
• 9:00
  pray
• 9:00
  together,
• 9:01
  Lord,
• 9:02
  as
• 9:02
  we
• 9:02
  come
• 9:02
  right
• 9:02
  now?
• 9:02
  We
• 9:03
  ask
• 9:03
  that
• 9:03
  you
• 9:03
  would
• 9:03
  give
• 9:03
  me
• 9:04
  clarity
• 9:04
  in
• 9:04
  my
• 9:04
  finances.
• 9:05
  Lord,
• 9:06
  give
• 9:06
  me
• 9:06
  honesty
• 9:07
  in
• 9:07
  my
• 9:07
  decisions,
• 9:08
  give
• 9:08
  me
• 9:08
  peace
• 9:09
  where
• 9:09
  I
• 9:09
  felt
• 9:09
  anxious.
• 9:10
  And
• 9:11
  Lord,
• 9:11
  help
• 9:11
  me
• 9:11
  prepare
• 9:12
  wisely
• 9:12
  and
• 9:12
  trust
• 9:12
  you
• 9:13
  fully.
• 9:13
  And
• 9:13
  I
• 9:13
  ask
• 9:13
  this
• 9:14
  in
• 9:14
  the
• 9:14
  name
• 9:14
  of
• 9:14
  Jesus.
• 9:15
  Amen.
• 9:16
  Okay,
• 9:17
  here's
• 9:17
  your
• 9:17
  one
• 9:18
  action
• 9:18
  step
• 9:18
  for
• 9:18
  this
• 9:18
  week.
• 9:19
  I'm
• 9:19
  going
• 9:19
  to
• 9:19
  give
• 9:19
  it
• 9:19
  to
• 9:19
  you
• 9:19
  for
• 9:20
  this
• 9:20
  week
• 9:20
  because
• 9:20
  this
• 9:20
  little
• 9:20
  bit
• 9:21
  of
• 9:21
  big
• 9:21
  one,
• 9:21
  but
• 9:22
  I've
• 9:22
  put
• 9:22
  together
• 9:23
  a
• 9:23
  one
• 9:23
  page
• 9:23
  summary
• 9:24
  that
• 9:24
  I
• 9:24
  prepared
• 9:24
  for
• 9:24
  you
• 9:25
  of
• 9:25
  what
• 9:25
  to
• 9:25
  expect
• 9:26
  for
• 9:26
  the
• 9:26
  2026
• 9:27
  tax
• 9:27
  season.
• 9:27
  Now
• 9:28
  this
• 9:28
  is
• 9:28
  going
• 9:28
  to
• 9:28
  be
• 9:28
  based
• 9:28
  on
• 9:29
  2025
• 9:30
  tax
• 9:30
  code.
• 9:30
  Not
• 9:30
  to
• 9:30
  confuse
• 9:31
  everybody,
• 9:31
  but
• 9:31
  you
• 9:32
  do
• 9:32
  your
• 9:32
  2025
• 9:33
  taxes
• 9:33
  in
• 9:34
  2026.
• 9:34
  But
• 9:35
  I
• 9:35
  want
• 9:35
  to
• 9:35
  give
• 9:35
  you
• 9:35
  this
• 9:35
  free
• 9:36
  one
• 9:36
  page
• 9:36
  summary.
• 9:37
  Go
• 9:37
  to
• 9:38
  financiallyconfidentchristian.com
• 9:40
  2026
• 9:42
  Again,
• 9:42
  that's
• 9:43
  financiallyconfidentchristian.com/2026
• 9:47
  and
• 9:47
  just
• 9:47
  read
• 9:47
  it.
• 9:48
  Circle
• 9:48
  the
• 9:48
  one
• 9:49
  item
• 9:49
  that
• 9:49
  affects
• 9:49
  you
• 9:50
  and
• 9:50
  just
• 9:50
  make
• 9:51
  one
• 9:51
  small
• 9:51
  adjustment.
• 9:52
  Just
• 9:52
  one
• 9:52
  step
• 9:53
  can
• 9:53
  create
• 9:53
  a
• 9:53
  surprising
• 9:54
  amount
• 9:54
  of
• 9:54
  peace.
• 9:54
  Again,
• 9:55
  that's
• 9:55
  financiallyconfidentchristian.com/2026
• 9:58
  and
• 9:59
  hey,
• 10:00
  share
• 10:00
  this
• 10:00
  with
• 10:00
  friends
• 10:01
  because
• 10:01
  there's
• 10:01
  plenty
• 10:02
  of
• 10:02
  love
• 10:02
  to
• 10:02
  go
• 10:02
  around.
• 10:03
  Friends,
• 10:03
  you
• 10:04
  don't
• 10:04
  need
• 10:04
  to
• 10:05
  understand
• 10:05
  everything,
• 10:06
  especially
• 10:06
  when
• 10:06
  it
• 10:07
  comes
• 10:07
  to
• 10:07
  taxes.
• 10:08
  You
• 10:08
  just
• 10:08
  need
• 10:08
  to
• 10:09
  understand
• 10:09
  the
• 10:09
  right
• 10:10
  things.
• 10:11
  And
• 10:11
  a
• 10:11
  few
• 10:11
  adjustments
• 10:12
  today
• 10:12
  can
• 10:13
  create
• 10:13
  peace
• 10:13
  all
• 10:13
  year
• 10:14
  long.
• 10:14
  So
• 10:14
  let's
• 10:14
  all
• 10:14
  go
• 10:15
  out
• 10:15
  there
• 10:15
  today
• 10:15
  and
• 10:16
  be
• 10:16
  financially
• 10:17
  confident
• 10:17
  Christians,
• 10:17
  because
• 10:18
  listen
• 10:18
  to
• 10:18
  me,
• 10:19
  you
• 10:19
  can
• 10:19
  absolutely
• 10:20
  do
• 10:20
  this.
• 10:20
  Stay
• 10:21
  financially
• 10:21
  savvy,
• 10:22
  God
• 10:22
  bless
• 10:22
  you,
• 10:22
  and
• 10:23
  you
• 10:23
  have
• 10:23
  a
• 10:23
  great
• 10:23
  day
• 10:23
  today.