Suggested Video to Watch Next: Tax Avoidance Strategies for Individuals - kzbin.info/www/bejne/l32qqnifpJdjqZY
@jxavi81423 жыл бұрын
This is the best video you guys made so far. Im on level 4 right now but im on my way to 5. Happy to see that you guys also care about shielding hard earned income.
@LYFEAccounting3 жыл бұрын
A large part of our audience we are trying to help get to level 4 but we also have content coming for 4 and above. Thanks for sticking with us.
@imeldasantana16527 ай бұрын
Thank you for explaining the different income levels and how to avoid paying so much money in taxes 👏.
@tonyarmoore894 Жыл бұрын
Income level #3. Yes we use all the strategies you mentioned.
@robertfarmer1514 Жыл бұрын
I found this video helpful because of its simplicity in explaining the different tax brackets. Thank you.
@SeanTheDon173 жыл бұрын
These tax tips are extremely helpful. Thank you for the time and research needed for this content. BTW I peeped the 410K typo 😂
@LYFEAccounting3 жыл бұрын
Thanks for watching, Sean! And yeah that typo hurt 😂
@countdown56272 жыл бұрын
currently in level 3, I'm slacking I need to update my w4 (great video btw) I recently got a raise and a promotion is in the works. need to take advantage of all credits and deductions.. and YES! can't wait until you take new clients.
@brownshugagirl73 жыл бұрын
I need y’all for my business accounting and expertise. When will you all be accepting new clients?!? Your content is invaluable
@LYFEAccounting3 жыл бұрын
Very soon! Stay locked in :)
@Xtremeproducts3 жыл бұрын
I agree. Needs to start taking clients for business and personal.
@justducky85083 жыл бұрын
What exactly do you mean by “your content is invaluable.” ?
@billbarnes97183 жыл бұрын
@@justducky8508 The original (and current) meaning of invaluable is "valuable beyond estimation"; the word describes something so precious that one cannot assign a price to it. This, clearly, is the opposite of the meaning "having no value; valueless" that the word might seem to carry.
@Ctj15803 жыл бұрын
I am in income level 2 but I do use a Roth IRA and use the remaining to save. this was helpful information
@Xtremeproducts3 жыл бұрын
Waiting patiently for you to start taking clients
@TuTataElDaddy3 жыл бұрын
y'all got a new sub, really appreciate all the information
@LYFEAccounting3 жыл бұрын
Thanks for the sub and welcome to the family!
@billbarnes97183 жыл бұрын
Great content.
@LYFEAccounting3 жыл бұрын
Thanks, Bill!
@yby8467 Жыл бұрын
Great information
@investmentgains3 жыл бұрын
Very informative video for everyone,especially for those people who are paying taxes that shouldn't be
@LYFEAccounting3 жыл бұрын
Glad you agree, thank you so much
@tonyarmoore894 Жыл бұрын
Oooo I love this info so much
@shedoestaxes2 жыл бұрын
Extremely helpful! This channel is my new obsession
@FlaGrown19552 жыл бұрын
Please do a viedo about how the 15.00 per hour with out child tax credit can make someone now be in a higher tax bracket and now pay higher taxes.
@lonewolf68423 жыл бұрын
Very helpful, i just started my first business. I haven’t made revenue yet but my adhd wants me to get everything done 😅
@LYFEAccounting3 жыл бұрын
Haha I know what you mean. One step in front of the other will get you to where you want to be. 😉
@bettylegendre57983 жыл бұрын
I have a full time job and 2 businesses. A cleaning services and a beauty Supply store. How should I file my tax next year? Thanks in advance
@julhe8743 Жыл бұрын
Very helpful learning about taxes now, my question is I’m in the 22%-24% tax bracket and file as single. Could I file for the standard deduction and do itemized expenses for my Real State investment? Or itemized is for everything? Ty
@janicewalls94494 ай бұрын
Yes
@elizabethgettys11182 жыл бұрын
Question: I am on SSI disability, do I file taxes and if so I don't have a W-2 from SSA.
@emeraldgeorge85233 жыл бұрын
Thank for the video... My wife and I currently earn between Level 2 & 3. Jointly just under 100k. Do we fall into the tax bracket of Level 2 or 3?
@nicholieazares358 Жыл бұрын
Can i ask..your topic is US tax? Or other countries tax?
@bobbymaccaheauxdotbiz3 жыл бұрын
I KNEW YOU GUYS WERE THE GREATEST..!!😓😓😇😇🤲🏾🤲🏾 didn't I show my admiration the other day?? 😓😓😇😇🤓🤓😎😎
@LYFEAccounting3 жыл бұрын
Thanks so much, Bobby! Hey, we love when you comment! 😂💯
@patricksolomon5403 жыл бұрын
10-12%.. I'm also starting a business..what advice do you have for the Biden tax law about the $600 transaction
@LYFEAccounting3 жыл бұрын
Well, that law is not in effect yet. That’s just a proposal, so we’ll see what happens
@janicewalls94494 ай бұрын
I am a serior with a settlement do I paid taxes?
@djojoreeves Жыл бұрын
I'm level 4 with 2 business
@jamsessions413 жыл бұрын
Should I take and keep loans on my investment rental properties or can I keep buying cash and still have benefits?
@LYFEAccounting3 жыл бұрын
That is a question of risk tolerance and scale. You won't lose out on any major tax advantages by buying in cash.
@jamsessions413 жыл бұрын
@@LYFEAccounting how can I get a consultation with your business. I have questions and have attempted to hire you but it says yall are not Taking new clients
@bradanderson102410 ай бұрын
If you set up a trust, chances are your beneficiaries will not ever receive the proceeds. A few years after death the attorney will close the trust and there are no laws ordering them to ever pay the beneficiaries anything. Give your money to charity or relatives while your, living or they will never see a dime.
@DonJCorleone3 жыл бұрын
Bruh the intro joke really 😂😂😐😑
@LYFEAccounting3 жыл бұрын
🤣🤣🤣🤣
@ManuelPerez-ih1cv3 жыл бұрын
100k is luxury? In Murica 🤔😆 I'm trying to create a business and slide into REI. No idea how to do my book keeping. Probably taking the L by EOY 😶
@LYFEAccounting3 жыл бұрын
The average annual wage in the United States is about $50k, and I guess it would depend on what your view on luxury is. If you’re eating out every weekend to me that’s luxury territory
@GojiCenter3 жыл бұрын
@@LYFEAccounting facts. 100k is more than enough
@staceypachecos74523 жыл бұрын
With retirement all the dollars put away, will it be worth the same in like 3 decades ??? 😩
@LYFEAccounting3 жыл бұрын
With a retirement account, you can invest money so the money grows with inflation
@staceypachecos74523 жыл бұрын
@@LYFEAccounting awesome!
@CharruaRegio Жыл бұрын
Family Trust Fund, u pay $0 taxes. Never sell your assets and get a Bank loan which is called Good Debt🎉
@Chandler8903 жыл бұрын
More money more problems
@LYFEAccounting3 жыл бұрын
Straight up
@MrMarkwill623 жыл бұрын
This maybe Generic Tax Advise, but if you speaking...we listening:-)
@LYFEAccounting3 жыл бұрын
I appreciate that, Mark! Yes generic but definitely needed for some