6 Tax-Saving Strategies for W2 Employees in 2023!

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6 Tax-Saving Strategies for W2 Employees in 2023! | Rob CPA

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Rob CPA | Personal Finance & Tax Planning

Күн бұрын

Пікірлер: 19

@jareds561 5 ай бұрын

This was awesome! Thank you for doing this video. The example was a great idea. It was very helpful. Thank you.

@rob_cpa 5 ай бұрын

Glad it was helpful!

@clarsen07 5 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_cpa 5 ай бұрын

Glad you enjoyed it!

@ryanlunn2869 6 ай бұрын

Great video, thanks

@rob_cpa 5 ай бұрын

Glad you liked it!

@viviandsouza5 5 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_cpa 5 ай бұрын

Are you referring to the Mega Backdoor Roth - if so, we created a video on this idea.

@nitra79 11 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_cpa 11 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.

@arpit131 9 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_cpa 9 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.5932 11 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.richardson6311 6 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.5932 6 ай бұрын

@@g.t.richardson6311 no you can get a dependent credit per kid of $500 when they are in college long after 16.

@TMAG626 6 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.