I did my w4 i got tax exempt i was getting taxed $500-$600 per check i ad justed it and got my pay check free

Will the government make less money since the people will keep more of their money and the businesses will pay no taxes?

Will the government make less money since the people will keep more of their money?

Do you need a 529 for each child

What was the answer? I don't think i caught that one 😊. I was wondering if a 529 plan would be a good way to do both

Thanks this is the best info I've found on this oddly confusing topic!

Thanks for the info. I earn too much so i have to pay all college expenses out of pocket. I live in NY. Can i deposit 10K towards a 529 for the same year i pay tuition. I know that it won't grow but at least i can get a 10K deduction on taxes the following year.

How come this can’t be done with out a calculator

Thank you so much! 2 questions. 1 I have 401k in 2 different companies, do I need to combine them into one for 72T distribution? 2 is the withdrawal age starting from your B day or year end? Eg, birthday on 08/01, do I need to withdraw before 08/01?

I am so confused. I have two jobs and my husband has one. I am looking at his paystub and have no idea what to put for his wages. He also make overtime. I know what his overall salary is. But when I put the numbers in, they are not adding up.

Didn’t mention anything about QBI even though the title states it…

So I just got a new job I will make 28% more and it started in July. Last year we got about a $2K refund which we don't mind since it helps us save for our yearly trips. Should I wait for my first paycheck for my new position and then uodate my W-4 to how you showed? We're also expecting baby #2 before the end of the year.. I'm assuming I should also add that as well?

Okay well ill pay a deposit and cover the interest to start with

I have a question. I know someone who is a teacher assistant who is unpaid for the summer and just took a temporary teaching job for the interim. So here’s the question. She doesn’t know how much she will earn, so what should she as well as other teachers fill out on the W-4 form filing jointly with their spouse if they don’t know how many hours they will work for the temporary job? I admit it’s just too confusing.

Still confused

What about tax on UTMA?

Can you do this as solo proprietor that S corp lapsed

Could you contribute to solo 401k hella in the year you’re making a lot of money and do the conversion during the year you’re not making as much? Would that save you money if you drop your tax bracket? Or is it a set % of the tax amount when you do the transfer?

When I go to the SBA portal to apply for forgiveness it states that I have already started an application and that I can’t do anything until that is resolved. The portal does not let me remove them and Harvest states that their is a code 99 on my loans. No one can tell be at the SBA the SBA loan servicing center or at Harvest my lender on how to remove that code. Any suggestions. I have two loans of $20,888. Thanks Andy

Are you able to take out the full amount or even a portion of a rollover IRA to your bank account with out issue or penalty?

Question. I live in PA and there’s two PA 529 plans for residents. One is tuition inflation rate (pay for the rate of today’s tuition and it cover the future’s rate) and stock market rate. Which one do you think is a better option?

how did you get the number 0.92935? I am an S corp that pays myself $55k gross income as W2 and i want to do a profit sharing of 25% nonelective contribution to my solo401k. 25% is $13750 and I assume this will be my S corp deduction in total. However, the SE tax portion of the $13750 can not go to the 401k account. I am trying to figure out what is the SE tax on the $13750. I am using this 1040 FORM schedule SE form you have in your video to calculate this but line 12 Self-employment tax is coming out to be $529.22 which isn't quite $13750 - ($13750*.9235). there lies my confusion.

I just started a new job I was with an old one for 12 years and I always play me no problem now I'm with a new company and they're taking so much money out of my paycheck I don't know what to do so can you please write back with a step-by-step on the IRS tax calculator exactly how I do it and then where I put it on my W-4

When you're putting what you make a year do you have to add in your Social Security also ..as yes I still work

I think the Florida plan is only available to Florida residents

This didn’t help. It was very generic

So to open a 529 plan you must be a Florida resident, just to make sure I have this right.

but my second job is per diem. I don't know how much I will ear exactly

Well said

Powerful

Hello, what are your thoughts on the Goldman Sachs 529 plan?

1:02 They removed the Estimator because it was so effective, They say its down.. for individuals lmao. However places like TurboTax have one. So if your just starting a job & don't really know what you'll make a year you just leave it blank?

my daughter 17 how do I feel out. the W4 form the right way?

My daughter's 17 how do I felt the W4 form the right way?

Can an Uber Eats driver open a solo 401k? I was told by my tax professional "no" but i dont think that's correct

Homesteads should be Automatic. the fact they get people to drive to the office is a GIANT WASTE OF TIME.

if I filed exempt and been exempt since 2012 and the company took the money out anyway what recourse do I have when they claimed they sent my money to the Government??

if I filed exempt and been exempt since 2012 and the company took the money out anyway what recourse do I have when they claimed they sent my money to the Government??

Maximize workplace 401k match, then see if you can contribute towards an IRA.

This is well explained. Thank you so much! I have learned a lot with your videos.

I need to know how to calculate interest with weekly and bi-weekly payments to auto loans. Rule 72 if possible. Can you help?

What tool is this that does all of the legwork on the calculations/projections?

All I want to do is claim zero, how do I do this?

Still a very intrusive process for the IRS to invade your privacy. Sad you need an IRS tool to figure out a form because it has become overly complicated just to go to work. And now, tax laws in general are so bad, even if you make less that $10k a year, you need a CPA because they are so bad. and even worse, take 3 CPA’s returns, they will each be different. Not sure how this whole system is remotely sustainable.

Please advice those people that are over 65 years of age have 200k or more in there T IRA that earn 80k or more. That want to pay down there home loan

Tax withholding tool is Down. I wonder if its just temporary or if they removed it without actually removing it so people cant do thier taxes as accurately?

How do you increase taxes withheld on more of a percentage basis. my wife has an extra job and the way we filled out the W-4 the system is not taking out any federal tax taxes. I think it’s because we have $8000 in the step three. But her hours vary per week in this extra job so taking out a fixed amount every pay period (4c) is not consistent. I know the effective percentage that needs to be taken out every pay period. How do I translate a percentage into dollar amounts? It also gets confusing when the job was started in the middle of the year.

Hello! I want to leave some money for my 6 kids and husband when I die.maybe $100k each or so. Wich insurance is best and how much each month?

Play educated myself quite a bit. How much do I put in box 4B to get an extra $100 on my paycheck. I have only one $8,000 a year IRA contribution

My tax professional keeps trying to push an sep onto me when i wanted a solo 401k (i wish to contribute all of my side earnings not just 25%). I do Uber eats. How does one with uber eats make a solo 401k?