Paying Lot of Income Taxes In the USA | Ways To Maximize Your tax Refund | Can Save More than $2000

[@ArthiPrem]

Get 20% discount on Turbo tax using the below link👇👇👇 refer.intuit.com/arthipremchannel

[@1stopWireless-c3x]

Good job 👍👍👍

[@manikandanpitchandi2399]

Bro, just a correction-kids on H4 visas will only get a $500 tax credit. Only kids with an SSN will get the full $2,000 credit

[@ArthiPrem]

Yes bro ITIN kids are eligible for $500 only as a tax credit whereas kids With SSN eligible for $2000 Thanks for mentioning here 🙏

[@venkevijay]

Thanks for the information, Prem❤

[@ArthiPrem]

🙏

[@prashanthmurugan3344]

Definitely interested in Roth 401k and backdoor 401 options. If you can cover it will be ver very useful

[@ArthiPrem]

Sure bro 🙌 thanks

[@ganeshrajms]

Thank you @arthiprem for this timely and helpful video, really appreciate it. Can you also make a video for the ongoing federal freeze and it's impact on public schools and education system?

[@ArthiPrem]

Great suggestion! Will do thank u 🙏

[@fathimabibi708]

Very very important video 👌

[@ArthiPrem]

Thanks🙏

[@pavithramasi4387]

Useful video...please do share about IRA, Roth IRA and 401k... 🙏

[@ArthiPrem]

Sure 👍 thanks

[@sureshkrishnaselvam4988]

Yes I need to know more about 401k

[@ravik6070]

Very good information Thanks prem & arthi

[@ArthiPrem]

Thanks 🙏

[@senthilkumar5]

Nice info. It is subject to MARKET RISK 😊 anything can happen in future, we should not depend on historical data.

[@ArthiPrem]

Yes bro Any investments are subjected to market risk 👍

[@senthilkumar5]

@ yes especially stock and mutual funds are more risker than other investments.

[@music-vd2dl]

Property tax is through the roof in Texas, only advantage is for Apartment dwellers as they don't pay property tax

[@gardening-ft6ku]

If income is above 150k single or 240k joint filing you cant contribute to ira. Thats also something to know

[@ArthiPrem]

True We can discuss elaborately on the separate video 👍

[@priyalingasan]

Prem can you do video about small business and how to file tax for small business.. TIA

[@ArthiPrem]

Sure will do Thanks 🙏

[@venkatasubhan9838]

Please do session on IRA, 401K

[@ArthiPrem]

Sure 👍

[@Mahanth_moments]

Hi..HSA la contribute pannaparam remaining balance irundha india poropa withdraw panna mudiyuma.

[@ArthiPrem]

Have to pay 20% penalty plus the tax for the withdrawal amount So its better to contribute what we need With HSA you can buy non prescription medicines too and lot of items are eligible and you can see it on the HSA store

[@Mahanth_moments]

@ArthiPrem thank you for ur response..

[@jaishankar1047]

Can we save tax for individual with h1b visa.?

[@anantharamakrishnanv7259]

How much money can we have it on HSA? We will never become US citizen and I think we should not keep so much on HSA, because withdrawing out will attract 20% penalty. Do you still recommend contributing to HSA?

[@ArthiPrem]

Hi Yes we are using it for lot of HSA/FSA eligible items Plan properly and contribute how much you need 👍 This website will give good insights about the eligible products hsastore.com/

[@dad418dad]

Have you shared this sheet anywhere ?

[@ArthiPrem]

Not yet Will do more changes and share it for a better usage

[@venkatasubhan9838]

Thanks waiting for it

[@gardening-ft6ku]

Also isnt 529 after tax?

[@ArthiPrem]

As we mentioned that 529 exclude from state and municipal tax Still have to pay federal income tax and payroll tax for 529 contributions

[@gardening-ft6ku]

@ oh we are n texas so 529 contribution happens from after tax only. Didnt know it was exempt from other state tax.

[@ArthiPrem]

Texas u dont have state income tax , so not much benefits like us since u already got BIG advantage ☺️

[@gardening-ft6ku]

@ v true!

[@preethi2105]

Last time when I filed they told, 2000 for child dependent is only for citizens and only 500 for H1B holders.

[@manivannanlakshmanan9011]

Correct. 2000 applies only for US citizen kids

[@skr0nytbe389]

Only if the kid has SSN..

[@arivarasuanandan946]

If the child has social ,they are eligible for child tax credit

[@ArthiPrem]

Yes sister ITIN kids are eligible for $500 only as a tax credit whereas kids With SSN eligible for $2000 Thanks for mentioning here 🙏

[@gowthamgm937]

401k and IRA video pls

[@ArthiPrem]

Sure 💯

[@Baskarasmile]

401k pathi oru video Venum anna😊

[@ArthiPrem]

Sure 👍 thanks

[@kumardrg]

Lot of Indian Tax companies are helping us with itemized/tax filing with planning for expenses from India. What's your thoughts on this? Is it safe to do that?

[@LRVinodVidon]

TurboTax is safe and easy to file. It’s less expensive compared to Indian tax companies.

[@kirubadossd.2002]

வரி - வரி கவிதை …. ம்ம்… 😂😂😂😂😂😂

[@ArthiPrem]

☺️

[@ksaravanakumar8042]

Trump will abolish income taxes then why worry 😂

[@IndianThamil]

Bro, Please explain about the IRA. 401k available in ADP as my previous employer had ADP. New employer using Paychex, and contributing 401k with new employer as well. 40% 401k money in ADP and 60% in Paychex. Can I move the ADP 401k to an IRA? What is the best option?