If it comes down to paying taxes or getting a return, I think we can all say, get a tax return, hands down. But if you’re getting a big fat return every year, is that the best use of your money?
In this episode, I talk with tax expert, Dr. Simon Karmarkar about what getting a tax return really means for your finances, how you can better plan your finances, and taxes and resources to use.
Dr. Karmarker is an Army veteran who holds a Doctorate in Management with an emphasis on Organizational Leadership. He’s an author, public speaker, Gestalt therapist, and CEO of Refund Wiz, the first AI/ML smartphone e-filing tax return app. Dr. Karmarkar is a contributing author for “Diversity and Inclusion in the Global Workplace” through the Center for Workplace Diversity and has been an adjunct professor at Loyola Marymount University. He is the former Founder/CEO of HelpMeNow, a pioneer in tele-clinical healthcare. As Founder/CEO of Anamika Recovery Center, Dr. Karmarkar brought awareness about addiction and treatment solutions to the Indian American community and a nomination as Sony Entertainment South Asian Person of the Year.
Dr. Karmarker shares his story of struggling with homelessness and addiction as an Army veteran, how he found help, made change and began a journey of helping others do the same and how it led to developing tax filing programs to help others.
The Military Money Show is supported by Navy Federal Credit Union. From personal and professional experience, I know managing money can be difficult. None of our lives are on standstill. It’s life. There are lots of things going on. Right now, at Navy Fed, they’re offering some of their highest rates to save money in 10 years. They have ways to automate your savings and investing, keeping them on track when life gets crazy. Plus, their website has articles, tips, and tools to help you increase your financial knowledge when you need it. Check out Navy Federal’s supercharged rates at navyfederal.org/saveandinvest
What Getting a Tax Refund Really Means Episode Details
Related Benefits: How to Make Your Military Taxes Ready
- Simon’s military background
- Transitioning out of the military
- Struggles with homelessness and addiction
- Military transition and imposter syndrome
- Positive impacts of seeking help
- Creating a solution to solve a problem
- The difficulties that come with filing taxes
- What a tax refund is
- How you can create a plan for your taxes
- How to make adjustments to how much you receive
Getting a Tax Refund Resources
More Podcast: Military Spouse Entrepreneurs and Taxes
Reserve Your Pass for #MilMoneyCon23
MilMoneyCon is the annual event for financial professionals united by military service. Its mission is to bring service members, veterans, and military spouses together to build and progress their careers, continue their education, and grow their earning power as practicing or rising financial professionals.
MilMoneyCon23 is happening April 27-29, 2023, in Nashville, TN. Attending the annual conference gets you connected with the biggest community of military financial planners, coaches, counselors, candidates, and educators. It’s a place to find employment and money-making opportunities, increase earning power, and continue your education. Reserve your pass at https://milmoneycon.com
Got Money Questions?
Get them answered on the show. Submit your questions here
Thank You for Podcast Reviews!
I appreciate your review of The Military Money Show on iTunes
, Google Podcast
, iHeart Radio
, and Stitcher
. It helps me make the podcast better and better. Plus, it helps other people find me.
These notes may contain links to our affiliate products or services, which means I might get compensation when you click or buy. That said, I will only put affiliate links that align with our podcast discussion.
If you want to “kickstart” your finances in the military, you can get access to my free Financial Kickstart Kit here.