In this episode Mark guides you through a comprehensive walk-through of the 2023 Form 1040 U.S. Individual Tax Return explaining each section in detail. Additionally, he introduces the concept of a one-page financial plan for efficient tax planning, emphasizing lifetime versus annual tax minimization.  He addresses a listener question, offering insight on maximizing ACA subsidies and creating income and cash flow without impacting premium subsidies.  The episode also suggests tax planning tools and resources for 2024. Episode Links: IRS Form 1040 IRS Form 1040 Schedule 1 IRS Form 1040 Schedule 2 IRS Form 1040 Schedule 3 IRS Form 1040 Schedule A IRS Form 1040 Schedule B IRS Form 1040 Schedule C IRS Form 1040 Schedule D IRS Form 1040 Schedule E DinkyTown 1040 Tax Calculator 2024 Important Tax Numbers Timestamps: 00:35 Diving Into Tax Returns: A Step-by-Step Guide 01:54 Understanding Filing Status: Single, Married Filing Jointly, Head of Household or Qualifying Surviving Spouse 06:30 The Standard Deduction vs Itemized Deductions 08:21 Breaking Down Income and Adjustments on Your Tax Return 18:04 Exploring Deductions, Credits, and Tax Calculations 28:10 Finalizing Your Tax Return: Payments and Withholdings 29:36 Navigating Tax Refunds and Estimated Payments 31:55 Comparing Total Tax Obligation vs focusing only on the Refund or Payment Due 33:16 Avoiding Estimated Tax Penalties: Strategies and Safe Harbor 36:36 The Importance of Reviewing Your Tax Return 39:21 Creating a One-Page Financial Plan for Tax Management 49:33 Listener Question: Maximizing ACA Subsidies Through Income and Cash Flow Management 55:17 Closing Thoughts and Helpful Tax Planning Resources