9 Simple Tax Strategies ANYONE Can Use!

[@karltondennis]

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[@NewsforThought-English]

bro you're a legend. So clear and comprehensive

[@gnd111]

remeber you have to itemize more than the standard deduction to get that benefit

[@Theorytheorythesis]

Do I have to be receiving a paycheck from my llc in order to take the standard deduction or can it be added if no distributions or a paycheck is being taken?

[@republicandan]

An LLC feeds the profits to the owners. Distribution or paychecks do not affect that portion. Obviously, paychecks have to added to your income as W2, like any other employee. Distributions are taxable in excess of your basis. If you invested $100,000 into your LLC and you take a $25,000 distribution it is return of capital and not subject to taxes.

[@4204-m3z]

My company is offering health insurance, I'm new to all these things! My employer says I dont pay nothing out my paycheck he says on my check statement I will see a minor charge a fee but that my income stays the same! Net income! I don't get it , I will be charge but my check stays the same. How these works? Assuming its tax deferred, pre tax and I dont pay nothing at the moment, will I get tax once I get retired just like a 401k ?

[@Preppykid37]

Hi do you need to qualify to open HSA besides just being employed I want to open my own hsa account becuase the company I worked for do not offer this.

[@LV_TK]

Yes. Google it. Typically requires having a high deductible health insurance plan.

[@suhailhamid1531]

You guys taking on new Clients?

[@Digfyhi]

If you know anything about eu tax laws that be cool to learn about

[@RafalOscar]

What's the safest and most effective way for a crypto newcomer like myself to benefit from the current market surge?

[@soccersprint]

The entire population should have just stopped filing taxes from 2020