How to Pay Less Taxes to The IRS | Accountant Explains

[@clearvaluetax9382]

Join our Exclusive Investing Community at: ClearValueInvesting.com GET 3 FREE STOCKS when you open up a stock account here: a.webull.com/i/ClearValueTax

[@randymouser3816]

The best LEGAL way to not pay taxes to governments is...to not make ANY money at all.

[@raganidze]

In other words spend it all legally pre-tax:)

[@IKIshesDivine]

🤣🤣🤣🤣🤣😅😅

[@grQTbVMrZ]

Cash only business lol

[@amandalee714]

Best non legal way, act crazy and get them to send YOU money!! 😈

[@YashaswinPathangi-hi4kl]

But then you can’t afford basic necessities.

[@fgbowen]

1:17 - Sir! You are Amazing!!! You Organize your videos SO well - Incredibly clear and concise and helpful.

[@clearvaluetax9382]

Thank you for all the support fgbowen!

[@fgbowen]

@@clearvaluetax9382- well sir - absolutely 100% you deserve it.

[@agarci7]

This beautiful man helped me through the pandemic with so much info, and he's still banging out quality content

[@SKZ1360]

Brian is the real deal, thanks for sharing your knowledge with us.

[@southeastoriginal5668]

This is definition of SOLID ADVICE!!! Thanks bro people charge for this simple stuff but make it complicated

[@matthewtaylor6564]

As my father, once told me make as much money as you can, because most can’t and then worry about the taxes later

[@WheresTheM3tal]

Just check the “exempt” box when filling out your w-4 🤷🏻‍♂️😉

[@mw3516405]

Brian🌿 Thank you for not forgetting us! We appreciate you sharing your knowledge and experience,! 🎄

[@AndrewM83]

Protect this guy with all costs! We all need Brian!

[@BiggL13]

Wesley Snipes gave me some good advice years ago. I'm sticking with that. This seems sketchy.

[@truegrizzlesfan2292]

😂😂😂😂 however, you going to be in jail in no time 😅

[@johnzeegler8641]

Lol 😂

[@loopba]

Biden also

[@jeffcurrie123]

Martha Stewart is my go to

[@kmoliere504]

😂

[@SithLordmatthew]

I just did the end of the year expenses big time bought another major lawn mower last week to replace the older one in my fleet. 22,000 off my business income to go with the 23,000 for its sister mower we bought this spring . Add in some replacement 2 cycle equipment and I have close to 50k in new purchase write offs this year.

[@GenesisZeroTechnology]

Just made my 529 savings plan. Thanks Brian! I appreciate your hardwork!

[@clearvaluetax9382]

Congrats Genesis 0 Tech!

[@scc12321]

You're literally my hero Brian I learn so much from you. Thank you for teaching me things we should be learning in high school

[@NE0Nwhip]

The point of school is to brainwash instead of prepare you for life

[@CarlosPlumbingNMoreToolReviews]

He should be an elective in High School 😎👍🏼

[@cyclingxventures]

I'm a tax accountant, and I come to you, Brian, for my goodies :D thank you!!!

[@MichaelPilit]

YOU ARETHE ONE "Clear value Tax" WHO ALWAYS TELLING US THE ACCURATE INFO AND THE LATEST INEWS!!!!!! YOU DESERVED TO HAVE ALMOST TWO MILLION SUBSCRIBERS!!!!!!!!!!

[@govind90]

Excellent breakdown of tax savings options. Well done.

[@OvernightSuccess721]

Hey thanks for this video and the YT algorithm for putting it in front of me. I found about $5500 I was going to have to spend in early 2024, but moved up the schedule to get the reduction to my tax liability. Best part is I have 90 payment terms from where I paid it, so I should have my tax return efiled and direct deposited by the time the payment is due. I’ll take the small win. Thanks.

[@foxxrider250r]

How much do you make, where you need to spend 5k to actually pay less? Genuinely curious

[@srikanthmaganty524]

I really appreciate your channel and the valuable insights you provide on various govt situations that personally helped me to stay ahead..❤

[@charliehoss1614]

Brian is for the people

[@ChristinaMoralesMindfuqed]

We knew brian had money in the family 😢 he just using his higher education skills to do right by the people❤

[@hwasookyung]

Tax loss harvesting has a limit. It was 3k in 2021. Lost about 20k, but was only able to deduct 3k. The limit might be a bit higher now.

[@tonywong8134]

You can carry it over the next three years I believe. So you can claim another three grand next tax year. EDIT: According to intuit, you can do this indefinitely until your losses are used up

[@Ageleo]

Do you need to do anything special to carry over the losses forward?

[@tonywong8134]

@@Ageleo No. Also, see the edit. You can do this until your losses are used up.

[@Ageleo]

@@tonywong8134 So when I do my taxes, it should just automatically carry over then? Got it, thanks you. I'm down about 10k this year. Too bad it's gonna take 4 years to get all of that back.

[@tonywong8134]

@@Ageleo No, it does not automatically carry over. You need to do the 3000 max every year. So this year it will be 3k, 2024 it will be 3k, 2025 it will be 3k, and 2026 it will be 1k. Assuming you don't have any realized capital gains. There is an IRS form you will need to fill out when you carry it over next year.

[@nikc.4113]

Brian I absolutely lovvveeee this channel! Thank you for sharing all of your knowledge and wisdom with us. May GOD continue to BLESS you for this!

[@jacobfoley9684]

How about just delete the irs

[@lydiah7184]

Great video, thanks! You’re reminding me to purchase things I need for my small business NOW.

[@gabunir]

This is actually really good advice. Good refresher for people too. Great video.

[@CRpatriot]

I love your videos, so glad I came across them. Thank you so much for the knowledge.

[@Shanoobpp]

The video is very informative, well made, and easy to follow for anyone.

[@RGamerVideosYay]

Summary: #1: 0% Tax Rate on Long Term Investments #2: Tax Loss Harvesting (Capital Loss Offest) #3: Roth Conversions #4: 529 Plan (Education Investment Account) #5: HSA Contributions #6: Timing Your Expenses

[@joannafull3727]

Thank you for sharing your knowledge Brian. I am truly grateful to you. 👍🙏

[@kdefensemartialarts8097]

Thank you for your videos.

[@ybrothersunited4223]

Brian is the best

[@MerakiEleven]

I’m in such a hard spot when it comes to maximizing tax benefits. I’m single, no kids, make 170k and can’t take advantage of any tax benefits because I make too much - not even deductions for student loan interest. They already take out so much in taxes, very annoying.

[@Dumbluck14]

Extremely annoying. And I am personally sick of it.

[@aNotoriousNerd]

I’ve thought of that too. However maximizing on tax deductions doesn’t nearly come close to the liability costs of having children.

[@wadej769]

Def max out your 401K or retirement plan. Got mine at 25% of gross now given it is pre-tax. Better then giving that money to U Sam

[@brandon8531]

Don’t complain. Most people would love to be making $170k.

[@Lovepinkdress]

Same here and this is not enough to live in NY😢

[@l.ls.8890]

I definitely loved getting this information today as it refreshed my memory on some things that I do not use but have friends that do.

[@chhe5433]

This conent is invaluable!

[@sponkmcdonk3898]

You do pay taxes on Roth on the gains if you take the money out before retirement The capital losses from stock are limited to $3,000 on your personal income

[@KandiNBeyond]

Hey Brian, long time watcher, I was wondering if you'd be able to consider an updated 1099 for gig workers video. I am just getting into this and would love to keep doing it, but I am completely lost with taxes, Sending love and holiday wishes❤

[@trailblazer8276]

I agree! Brian, can you help us with more tax deductions with us self employed!

[@frescosmalls]

Set aside 30% of your 1099 income for taxes! Pay taxes quarterly also to avoid interest penalties from the IRS.

[@lscorpiusl605]

Just open up an LLC and run all of your income through the LLC

[@reedmusic]

I love this new format. Thanks!

[@rosebloom2518]

Happy Monday Brian!!! Have a great day!🌺☀️

[@clearvaluetax9382]

Thank you and I wish you a great day as well!

[@arthurtam9714]

That's why we love you so much Brian! Thanks for all the reminders for us!

[@rolandorivera5469]

Thank you Brian love ur videos.

[@deborahaichele8829]

We need a flat tax. Right now the tax laws are insane.

[@mauricescott4675]

Great job for the ones don't know about this help is always needed and your good at that

[@natalieyt1851]

Don't forget about the new energy credits

[@cynthiaontiveros9401]

Thank you GOD ❤ BLESS 🕊

[@jojoc5575]

Thank you Brian! I learn alot from you and i Appreciate all your videos.

[@peterlee244]

Crystal clear Thank you for sharing useful information

[@franciscoflores9915]

Keep up the great content, very much appreciated Brian!

[@rachelledalomb5]

You explain things so well! Thank you so much for all the info!

[@Crazyitalian1995]

Hey Brian, nice to see you again

[@clearvaluetax9382]

It’s always great to see you!

[@donnamadril1938]

My Hero 🙏🏼

[@NativePpl]

Breaks for the little guy (as applicable) 👍🏼

[@luciid9072]

These videos are always appreciated. Thank you for all you do!

[@andreafuenzalida9766]

Thank you Brian for your great advice!

[@a13xl]

I really liked the illustrations. Very visual for me. Thank u for this video.

[@shutrucknahunte2843]

You cannot state that Roth proceeds will never be taxed again. The government's appetite for spending (and hence taxation) is insatiable. Once it wants your money bad enough, they will simply change the rules.

[@kennethchow3996]

Happy Holidays, Brian! Thank you for your wonderful advice. I always used the pre tax commuter benefit and fsa to reduce taxes.

[@Mickell45]

This channel is fantastic

[@303topgun]

thanks for sharing information. Lot of cpa wont even tell you all the things this video did. The slides and animation helped as i have adhd and would have lost focus.

[@floraandfaunab8855]

Wow, five star content. Thank you so much.

[@Biochem1921]

Thank you very much Brian for taking the time and making this very important video.

[@zulemaalamo4863]

Excellent advise thank you for sharing your knowledge with us Brian

[@Joey-ee7wp]

These are good standard tax strategies. Only people with stock and some means know this. People still on w2 living paycheck to paycheck will never need this. These are very common tax strategies.

[@LG-pt5kt]

Yeah but you wouldn't know you might be able to stop living from check to check without opening your mind to other strategies

[@stephenrogers4537]

Good afternoon Brian what you got for me today, BROTHER! BRIAN THE PODCAST🦁 LION (the Walter Cronkite of podcasts 🏆)

[@MT_454]

Thanks Brian!

[@clearvaluetax9382]

Happy Monday!

[@bryansmethers8936]

If you dont need the moeny, DONT SELL just for the tax savings, it will earn way more staying invested than it will as cash

[@cuajil]

Thanks for the video! I really like the new illustrations you’re adding too.

[@comicbookmoney3286]

more of these tax shelter vids please, thanks for the good stuff

[@descend2ascend]

Thank you for providing so much info.

[@SreenathV]

Very clear and crisp. Awesome video

[@CaptainT1989]

This is real game. Thank you Brian.

[@Rmejia1995]

The wash sale rule can be avoided when you sell and buy etfs that track the same pool of stocks

[@farleylai1102]

- After-tax contribution to 401K followed by in-plan conversion to Roth - Find an employer providing FSA carryover option without losing much unless quit

[@marlynbannister7048]

Thanks for all your insight

[@alohastateofmind3565]

Roths should have high paying dividend stocks in it so you can pull those dividends out and never get taxed after 59 1/2. REIT's are a good idea for Roths since it will be in a tax advantaged account.

[@lorenaresendez9676]

Thank you. Merry Christmas and happy new year. 🎉🍷

[@fuyu5979]

Awesome helpful n informative vid. Especially ur step by step explainations. Kudos. Anticipating ur next one. Peace

[@zinzayzinzay3085]

Good video 👍

[@Kcorey]

It’s so great video… I was looking for… Taxes are really headaches every year for us. Thank you ❤

[@jacobawojtowicz]

But Welfare Queen Israel needs your billions.

[@MichaelPilit]

YOU ARETHE ONE "Clear value Tax" WHO ALWAYS TELLING US THE ACCURATE INFO AND THE LATEST INEWS!!!!!! YOU DESERVED TO HAVE ALMOST TWO MILLION SUBSCRIBERS!!!!!!!!!!

[@cafelate9515]

Thanks for this education

[@myloni1580]

I called Vanguard & did the Roth conversion. Easy to do. Then in Feb I can take the $ I owe from the Roth to pay the IRS. Isn't there change in 2025 where convert from 401K will go up in every tax bracket 2-3% so I saved in taxes by doing the Roth Conversion today.

[@phul4619]

Love the slides. Very useful. If you can do slides with your future videos too that would be great! Thank you for all that you do!

[@IQPHILOSOPHY]

Will definitely recommend anyone this channel for financial help❤

[@Dr.irenebuenavistamolina]

Thanks, Brian, very helpful!

[@andreamachacova4352]

This chanel is the bomb!👍👍👍

[@raybeattie985]

I like this format..thanks

[@Jdown23]

Thank you!

[@Dr.J_theCPA]

Great presentation

[@tcs7717]

Brian, you really missed out on the other advantages with an HSA. They are truly the best tax advantage account out there.

[@walterpfeffer5538]

Thanks again! Always saving us money!

[@samyhanna1094]

Thanks for explains the options. I have achieved good profit from fist buying call options and after 2 times rolling over😊

[@bowedpsaltery]

Thank you so much - we love you!

[@saakeii]

Great advice

[@jerelrobinson3762]

Thak you for this ma!

[@brianz4900]

Roth conversions are taxed as ordinary income......

[@trangh8707]

Thank you so much for the info. Greatly appreciated ❤❤❤❤❤

[@Wolffang1996Hyano]

12:00 People still use checks to pay on things where I work.

[@clearvaluetax9382]

Some vendors want a check to avoid the transaction fee.

[@TheArtOfDean]

Thank you for the tips.

[@rodelynpitcher7867]

Thanks again Brian! Very informative. :)

[@joeosorio3748]

Excellent video. Wish I would have seen it last yr