It is worth every second the fact that within a very short time you have been able to elaborate and explain the technique to a point one can easily understand and apply it is applauding. Nevertheless the future one turn to imagine can be a reality if a good information like this is passed and applied accordingly.
@waun8022 жыл бұрын
Keep goin bro and growing, you can become a goat in your league
@RetrieverTrainingAlone Жыл бұрын
Excellent! 8:55 you are correct that a 401-k is a tax shelter, but "retirement get your money back tax-free" is not correct...401-K withdrawals will be taxed and by law 20% withheld, partial refund will depend on tax bracket.
@Ezmoneyash3 ай бұрын
Retirement Roth IRA is tax free
@josephinebardot8403 Жыл бұрын
Love the video! One thing that I found in your video is very detailed with info and ultimate graphics. Thanks!!
@robfogleman37322 жыл бұрын
Credits VS Deductions! I had no idea, thank you!
@LYFEAccounting2 жыл бұрын
Happy to help!
@LYFEAccounting2 жыл бұрын
Suggested video to watch next: "Tax Secrets" kzbin.info/www/bejne/oYvNgXuwf79rapY
@rayofsunshan Жыл бұрын
Thank you for this amazing simplistic video! I am currently reading Tax Free Wealth by Tom Wheelright and as I was writing out notes I realized I wanted a clearer picture of the tax planning process as a beginner. Your video was exactly what I was looking for. I’m looking forward to applying this newfound knowledge 🥳
@kristinaramirez11812 жыл бұрын
I am learning so much with watching your videos . Thank you
@luciamilton903210 ай бұрын
Great video with lots of good strategies. Thanks.
@coast_into_retirement2 жыл бұрын
Thanks for the video. Easy to follow and full of great information. I subscribed.
@eugeneralph38672 жыл бұрын
😲😲😲😲😲😲😲😲 keep up the update love you
@PaulTheadra2 жыл бұрын
We have an LLC, we've been looking for an CPA, so we can know if we can spend more toward the company or withhold till the next year. Great video
@LYFEAccounting2 жыл бұрын
Thanks for sharing!
@MozziatoJewelry2 жыл бұрын
Can you make a video like this for small business owners? I just formed an LLC and need some tips on business taxes
@dorianstewart90442 жыл бұрын
Same
@Danawarewoolf2 жыл бұрын
This has been super helpful!!
@sheliawalker808 Жыл бұрын
I’m learning a lot
@jasonk3052 жыл бұрын
Super helpful!
@angle50702 жыл бұрын
Can you make a detailed video on health reimbursement arrangement account? Thank you
@BxW718 Жыл бұрын
At the 3 minute mark I kind of got lost. could you finish doing the math. You started at the 24% bracket and then went on to the next topic...how would you find the remaining taxes within the lower brackets? thanks
@jayluis189 Жыл бұрын
You find the Difference between the Top and Bottom amount of each bracket rate, find the corresponding percentage to THAT amount. Start with your Exact Income, then go down to the bottom number in that rate. Do that to Each bracket, then add them together. $100,000 - $86,376 = $13,624 -> *24% = $3,269* $86,376 - $40,526 = $45,850 -> *22% = $10,085* And so on, and so on. (~ If your income was $92,000, then you would subtract $86,376 from it and find 24%..)
@muayadbayat62422 жыл бұрын
When starting up your own business, is there a cap on the loss you can deduct against your regular income, especially in the first year when you don't make money.
@shenellerobinson4666 Жыл бұрын
Is there a tax software that you can use to gradually estimate your taxes throughout the year?
@wilsonveloso39102 жыл бұрын
Got a question. Do you have to buy or investment property under your LLC to be able to get those deductions?
@Theofficialkela2 жыл бұрын
As for tax planning number 2, what about investing in a whole life policy?
@StarlynsAgency2 жыл бұрын
Nevee use whole life. Use term.
@Theofficialkela2 жыл бұрын
@@StarlynsAgency why term over whole?
@Scooterp822 жыл бұрын
I, an American citizen, took and paid for Master's classes at the University of Granada in Granada, Spain. Can I get that deducted even though it is a university outside of the US?