How to Pay Less Taxes to The IRS | Accountant Explains

[@clearvaluetax9382]

TurboTax Free Edition: turbotax.intuit.com/personal-taxes/online/free-edition.jsp?priorityCode=6099000538

[@SKZ1360]

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

[@agarci7]

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

[@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.

[@southeastoriginal5668]

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

[@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.

[@mw3516405]

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

[@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 😎👍🏼

[@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

[@srikanthmaganty524]

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

[@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

[@cyclingxventures]

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

[@AndrewM83]

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

[@govind90]

Excellent breakdown of tax savings options. Well done.

[@Shanoobpp]

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

[@gabunir]

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

[@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.

[@GenesisZeroTechnology]

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

[@clearvaluetax9382]

Congrats Genesis 0 Tech!

[@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!

[@joannafull3727]

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

[@ChristinaMoralesMindfuqed]

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

[@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!!!!!!!!!!

[@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.

[@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.

[@jacobfoley9684]

How about just delete the irs

[@franciscoflores9915]

Keep up the great content, very much appreciated Brian!

[@arthurtam9714]

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

[@lydiah7184]

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

[@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

[@rosebloom2518]

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

[@clearvaluetax9382]

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

[@rachelledalomb5]

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

[@mauricescott4675]

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

[@Biochem1921]

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

[@kennethchow3996]

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

[@WheresTheM3tal]

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

[@Hateithere85]

Yeah but don't you have to pay that back when you file?

[@WheresTheM3tal]

@ I wouldn’t know. That time of my life, I just never filed 🤷🏻‍♂️

[@rolandorivera5469]

Thank you Brian love ur videos.

[@CRpatriot]

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

[@jojoc5575]

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

[@reedmusic]

I love this new format. Thanks!

[@luciid9072]

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

[@andreafuenzalida9766]

Thank you Brian for your great advice!

[@Crazyitalian1995]

Hey Brian, nice to see you again

[@clearvaluetax9382]

It’s always great to see you!

[@kdefensemartialarts8097]

Thank you for your videos.

[@natalieyt1851]

Don't forget about the new energy credits

[@comicbookmoney3286]

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

[@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!

[@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.

[@peterlee244]

Crystal clear Thank you for sharing useful information

[@NativePpl]

Breaks for the little guy (as applicable) 👍🏼

[@a13xl]

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

[@cuajil]

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

[@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😢

[@chhe5433]

This conent is invaluable!

[@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!!!!!!!!!!

[@floraandfaunab8855]

Wow, five star content. Thank you so much.

[@zulemaalamo4863]

Excellent advise thank you for sharing your knowledge with us Brian

[@charliehoss1614]

Brian is for the people

[@fuyu5979]

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

[@CaptainT1989]

This is real game. Thank you Brian.

[@SreenathV]

Very clear and crisp. Awesome video

[@lorenaresendez9676]

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

[@descend2ascend]

Thank you for providing so much info.

[@tcs7717]

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

[@stephenrogers4537]

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

[@samyhanna1094]

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

[@Mickell45]

This channel is fantastic

[@Dr.irenebuenavistamolina]

Thanks, Brian, very helpful!

[@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

[@walterpfeffer5538]

Thanks again! Always saving us money!

[@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.

[@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.

[@vialina.design]

That's the best explanation that I have seen. Thanks for making it. I have another question about the Premium Tax Credit: how did they calculate it?

[@deborahaichele8829]

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

[@trangh8707]

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

[@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]

😂

[@MidnightToker454]

Thanks Brian!

[@clearvaluetax9382]

Happy Monday!

[@IQPHILOSOPHY]

Will definitely recommend anyone this channel for financial help❤

[@suer3818]

Merry Christmas!!🎄🎁🙏🏻

[@TheArtOfDean]

Thank you for the tips.

[@donnamadril1938]

My Hero 🙏🏼

[@chadzulu4328]

This is great information, thanks!

[@joeosorio3748]

Excellent video. Wish I would have seen it last yr

[@cafelate9515]

Thanks for this education

[@FireManTTSOM]

Thank you, always good information.

[@Rmejia1995]

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

[@tangerine20]

Love these videos. Can you do one of these videos for high income earners?

[@raybeattie985]

I like this format..thanks

[@rodelynpitcher7867]

Thanks again Brian! Very informative. :)

[@arelismargarito5283]

Great information Brian! 💴Thank you for sharing 😇🙋🏻‍♀️👍🏼

[@andreamachacova4352]

This chanel is the bomb!👍👍👍

[@ybrothersunited4223]

Brian is the best

[@ryaj2356]

I’ve never heard of the the long term investment that’s zero taxes. Everything is always taxed on capital gains.

[@clearvaluetax9382]

I’m glad this video brought it to your attention then!

[@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.

[@bowedpsaltery]

Thank you so much - we love you!

[@jerelrobinson3762]

Thak you for this ma!

[@ayeflippum]

My issue with having an account such as an HSA is those funds can't be used for anything except "qualifying" expenses. I don't like having my money locked up.

[@kenlewis2253]

But it can be invested.

[@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.

[@TheBrightFuture30Channel]

Informative video. Thank you.

[@MrGoldenBomb]

Great advice on the 529 state deduction!