This was awesome! Thank you for doing this video. The example was a great idea. It was very helpful. Thank you.
@rob_cpa5 ай бұрын
Glad it was helpful!
@clarsen075 ай бұрын
wow this was an amazing video thank you so much, especially showing us what it would like on a tax return. thanks again
@rob_cpa5 ай бұрын
Glad you enjoyed it!
@ryanlunn28696 ай бұрын
Great video, thanks
@rob_cpa5 ай бұрын
Glad you liked it!
@viviandsouza55 ай бұрын
Can you please explain a concept that I heard. Using the 401k matching plan and using those funds to channel it into a roth IRA and HSA. Is this possible?
@rob_cpa5 ай бұрын
Are you referring to the Mega Backdoor Roth - if so, we created a video on this idea.
@nitra7911 ай бұрын
Owning a business as a sole proprietorship can you have tax savings? Or do you have to have a LLC to see tax savings?
@rob_cpa11 ай бұрын
You can get tax savings as a sole proprietorship - if its in a loss position and you're active in the business and its not a hobby. You can also deduct items through the business that you wouldn't be able to if you didn't own it.
@arpit1319 ай бұрын
Can I max out and company contribution is on top of it or total in an year including companies contribution should be within 22500$
@rob_cpa9 ай бұрын
stay tuned...I'm going to be creating another video relating to a way for W2 employees to put more into their retirement plan.
@robn.593211 ай бұрын
What about a video on the AOTC, I have 2 kids in college. Early retired and bought and EV . Is the AOTC refundable? What if you have 2 kids? So for example if $1000 is refundable Can you get $1000 refundable per kid? What if you have the EV credit Does that apply first or after?
@g.t.richardson63116 ай бұрын
If your kids are in college they are clearly over 16 and child tax credit doesn’t apply 500 per kid dependent credit though
@robn.59326 ай бұрын
@@g.t.richardson6311 no you can get a dependent credit per kid of $500 when they are in college long after 16.
@TMAG6266 ай бұрын
@@g.t.richardson6311 AOTC is American Opportunity Tax Credit. Different than child tax credit. @robn.5932 Correct. It's per eligible student/child.