6 Tax Strategies For Absolute Beginners!
6 Tax Strategies For Absolute Beginners!
If you are on a mission to lower your taxes start with some foundational knowledge! Understand the basics of taxes before you level up your knowledge! In this video I give out 6 tax strategy tips for absolute beginners!
Some popular tax deductions:
https://www.forbes.com/advisor/taxes/...
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Time Stamps
0:00 Introduction
1:20 Know Your Tax
3:12 Deductions vs. Credits
4:46 Itemized vs. Standard Deduction
6:34 Common Deductions
7:18 Record Keeping
8:45 Shelter Your Income
9:07 Tweak Your W4
10:24 401k Max
11:46 Other Deductions
12:23 Conclusion
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DISCLAIMER: I am not a financial adviser but fortunately I am a CPA :). These videos are for educational and entertainment purposes only and should not be taken as "individualized" tax advice. Should you need tax solutions I highly recommend consulting with a professional or our CPA Firm. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
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