Dropping Bombs
Jason Brown. The Tax Credits You Deserve. Episode 682 with The Real Brad Lea (TRBL)
Jan 15, 2024
Jason Brown, President of ERC, and Brad Lea discuss maximizing tax credits for business owners and self-employed individuals, including the Employee Retention Credit and Self-Employed Tax Credit. They highlight the importance of seeking expert advice, opportunities in Salt Lake City for 1099 workers, and how to take advantage of self-employed tax credits.
25:15
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Quick takeaways
- The podcast discusses the Self-Employed Tax Credit (SCTC) as a financial relief opportunity for self-employed individuals affected by the COVID-19 pandemic.
- To access the SCTC, individuals can visit Bradley LEA Dot links and fill out a short questionnaire to determine eligibility, and it is recommended to seek professional help to maximize the amount received.
Deep dives
Overview of the Self-Employed Tax Credit
The podcast episode discusses a new tax credit called the Self-Employed Tax Credit (SCTC) that is available for individuals who are self-employed, including realtors, sole proprietors, and those who receive 1099 income. The SCTC is part of the stimulus package and is aimed at providing financial relief to those who were affected by the COVID-19 pandemic. The credit is fully refundable and can amount to up to $32,000, depending on the individual's income and specific circumstances. It is important for self-employed individuals to check if they are eligible for the credit and take advantage of this opportunity to get some of their money back.
