How to Avoid Taxes Legally in The US (Do This Now!)

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Күн бұрын

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Пікірлер: 2 300

@clearvaluetax9382 5 ай бұрын

Join our EXCLUSIVE Investing Community at: ClearValueInvesting.com GET 3 FREE STOCKS when you open up a stock account here: a.webull.com/i/ClearValueTax

@aaamos16 Жыл бұрын

Finally something for the 99%

@bottleboy3662 Жыл бұрын

@Z Malek It's not like he's claiming he's broke dudes just trying to help. I don't see the issue.

@jamesathome5167 Жыл бұрын

Hahahahha😂

@chennumber3 Жыл бұрын

Agreed

@illuminated2438 Жыл бұрын

Be proud of you laziness and poverty! 😅

@AUniqueHandleName444 Жыл бұрын

@Z Malek Anyone making under 400k is in the 99%.

@brielslovak2649 Жыл бұрын

No gaping mouth thumbnails, no misleading click bait titles. Just clean cut professional getting straight to the point and providing me with valuable information. You sir have earned a sub.

@cinnamonteeth Жыл бұрын

Haha “gaping mouth thumbnails” it’s true

@GP-SEA Жыл бұрын

No - the title is very click-baity. It reads as avoiding all taxes.

@joshuaborem7063 Жыл бұрын

And it’s best watched at speed 1.5. Because he has put a lot of effort into making sure the video is 10-12 minutes long. Which is another trick similar to clickbait.

@brielslovak2649 Жыл бұрын

@@joshuaborem7063 lol my default for informational videos is 1.75 i didn't even notice but good catch

@big0bad0brad Жыл бұрын

@@joshuaborem7063 If it's clickbaity but technically correct, that's still legit

@justinferguson9779 Жыл бұрын

Abolish the IRS.

@Tetelestai-cw8qy 2 ай бұрын

You'd have to get rid of the FED, they go hand in criminal hand.

@Possibly_wolf Ай бұрын

Why do they think we left Britain.

@francisq4446 Жыл бұрын

You should do this every tax year to keep the community updated 💪

@SaimesierP Жыл бұрын

Just watch it every year

@860SkateCo Жыл бұрын

@@SaimesierP life changes and so do laws

@sojournerhouse Жыл бұрын

I think you mean it would be great if you repeated this video yearly.

@hamster6093 Жыл бұрын

KZfaqr dont owe you anything

@860SkateCo Жыл бұрын

@@hamster6093 and you'd be right to say that, but it does not need to taken so rash clearly people like these videos and are asking for more nothing has to be done it's just a request

@heidi22209 Жыл бұрын

Brian. You are the financial father I never had. No one has taught me more than you have. I have read books, ect. I have learned more from you than anyone. I can not thank you enough.

@RS-pv2nf Жыл бұрын

Ha! Gayyyyyyyyyyy

@vcash1112 Жыл бұрын

His the financial Bruce Lee!🥋

@honeymommy1622 Жыл бұрын

Thats good way to put it. Agreed

@antdjones05 3 ай бұрын

@@vcash1112true😂 kicking 🦵🏽 tax and taking names

@heliooliveira5046 Жыл бұрын

I simply love people with zero BS that goes straight to the point and get sh** together Thank you sir

@Jessica_Agent 11 ай бұрын

Hello Friend 👋if you haven’t filed your tax this year and you need some help in guiding you through on how you can file your tax refund up $20k- $100k Message me on Telegram @jessicaharris13

@0psec_not_good Жыл бұрын

Sir, you are, and I am not being hyperbolic, literally the ONLY financial KZfaqr I have personally come across that’s legitimate. Professional, providing valuable information, and not misleading. You’ve got a subscriber in me! Thank you.

@nozrep Жыл бұрын

there are in fact other legitimate ones, you just have not come across them yet. Many many independent, licensed, permitted, college degreed financial advisors are having their own youtube channels these days, as a means of advertising their services and educating people. That does not negate your opinion. Nor does it cancel out your right to your opinion on the matter. I am simply typing, without hyperbolization and without any all caps lock typeage, that there are, in fact, other and varied actually legitimate finance tubers out here on the tubes, covering various aspects of personal finance, whether tax or investing or entrepreneurship or estate and trust planning or legal tax avoidance tactics, et cetera, et cetera.

@nozrep Жыл бұрын

also, an ALL CAPS STATEMENT OR WORD, TYPED IN A COMMENT OR TEXT MESSAGE, IS ALWAYS HYPERBOLIC😅 regardless of if you intend it so, or not.

@MadisonFalco 7 ай бұрын

@@nozrep⁠⁠Do you understand the part where they said “that I have ever personally come across”? They didn’t say they didn’t exist.

@talented009 10 ай бұрын

Why everyone is so agitated over inflation and inflation data baffles me. Inflation has always existed, and individuals have used investments to combat it. For example, the stock market return always outperforms inflation. I heard of someone who invested $121k in October of last year and increased their portfolio by more than $400k. I'm looking for recommendations that will provide similar return.

@Adukwulukman859 10 ай бұрын

I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.

@ThomasHeintz 10 ай бұрын

True. I first came across investing in the market in 2019. Already stashed about $460k in savings then, and the free money from the Government was pouring in, increasing inflation rate. I just got an advisor and kept the money there, just because I didn't want to keep the value of the money depreciating in the bank. Tbh, it's the best investment decision I've made since then.

@DarleneMurphy774 10 ай бұрын

@@ThomasHeintz I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.

@ThomasHeintz 10 ай бұрын

Elise Marie Terry is my portfolio-coach, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.

@esther.74 10 ай бұрын

@@ThomasHeintz Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

@entity5491 Жыл бұрын

Literally the only financial KZfaqr I trust these days

@reedmusic Жыл бұрын

Facts

@chriscallaham3629 Жыл бұрын

Would recommend the money guy show also

@daegaskins3340 Жыл бұрын

yup thee only legit one. hope they dont come for him for giving good info

@_Bucky Жыл бұрын

His information is straight to the point with no side gimmicks like other channels

@2eroumgme753 Жыл бұрын

@@_Bucky Yep he doesn't make dumb thumbnails where he looks like he crapped his pants

@DavidJ245 Жыл бұрын

This is something the IRS will never want you to know. Appreciate your very knowledgeable videos Brian.

@stevenporter863 Жыл бұрын

They are all common knowledge for anyone paying attention. Nothing new...

@Sunset553 Жыл бұрын

The IRS encourages you to use every legal route to lower your tax liability. The tax laws are made with this in mind. They are encouraging behaviors like investing in stocks, holding for longer than a year, opening retirement accounts, using employer health spending accounts etc. The incentive to do those things is lower tax bills.

@QDogg Жыл бұрын

It's not that they don't want you to know, it's more of the responsibility of the taxpayers to take advantage of the rules accordingly.

@jacob9540 Жыл бұрын

CPA here, everything in this video is very basic tax strategy. Congress implemented these rules with the goal of helping average Americans. There are no secret loopholes here lol.

@stevenporter863 Жыл бұрын

@@QDogg Exactly. For those complaining about too much tax generally it is because they didn't take the time to know the rules.

@jrod7722 Жыл бұрын

Brian, as a self-employed entrepreneur, in this country there’s a saying I ALWAYS tell my business associates and that is…It’s not hard to make money in this country, it’s hard to keep it! I think that your tax saving tips are outstanding, but I would have liked for you to have included the many advantages of being self-employed and especially the many tax advantages there are when investing in Real Estate. After all it’s not just about lowering your taxes but also about building assets. Doing both is dependent on having/knowing the correct information to legally use the system of IRS regulations to your advantage.

@krunchyapples Жыл бұрын

Brian is a true man of the people. You are much appreciated, my friend. I am ardently of the opinion that the IRS does not deserve any of my money.

@monkeypolicd Жыл бұрын

Why do I need to pay taxes well y'all proceed to complain the roads aren't good, snow isnt plowed on time, no public-school teachers available, no free college, no free health care...I can keep the list going. I can expand on this issue bcuz I was in public service and saw firsthand idiots who don't support proper tax allocations. But then people are openly donating to politicians who actually move the tax money around to favor themselves and the private corporations backing them. At the end of the day y'all just played yourselves.

@krunchyapples Жыл бұрын

Because you and I both know that the majority of our taxes don't actually do any of that crap. It all either gets wasted on stupid projects that don't actually accomplish anything that was set out to do, gets spent on the administrative costs of a copiously bloated bureaucratic system, or is used in $1.7 trillion 5000 page omnibus spending bills that no one asked for which *somehow* end up making the crooks and criminals in DC richer because most people don't grasp how much of a stranglehold lobbyists have on that god forsaken place. So yea, unless the people actually start getting some real representation from our government I do not believe they deserve a single dime.

@tiffytatortots1278 Жыл бұрын

@@monkeypolicd the problem is those in charge of our tax dollars make sure the majority goes to them, their friends, families (in forms of contracts etc) and back to their party. People don't even have to donate to these idiots directly because we are paying into a corrupt broken system that's why people are sick of it. And its on all sides of the board. Decent politicians and government officials don't exist. Money and power corrupts them all even if they started out with great intentions.

@tiffytatortots1278 Жыл бұрын

@@monkeypolicd So the idea if people pay more we benefit more is nonsensical. They just pocket and waste more!

@beckyboo1433 Жыл бұрын

@@tiffytatortots1278 exactly!!! How about a couple billion more to the Ukraine? 🙄🙄🙄 Pocket change right? Not like people aren't struggling here in the US. And the Ukraine and our government is extremely corrupt.

@david_sanchez Жыл бұрын

I'd love to see a video like this for self-employed people. People who don't have access to many of the benefits offered at larger companies. More specifically, sole-proprietors and single member LLCs.

@johnedson1708 Жыл бұрын

I own a landscaping business and that would help me out so much !

@angelos.ortizvela7485 Жыл бұрын

Agreed! Please do. 🙏🏼

@Xterminator Жыл бұрын

Also agree, this would be really helpful!

@kencult Жыл бұрын

As a freelance video editor. I second this!

@mt11235 Жыл бұрын

Best advice for self employed is get a CPA. Will only cost a few hundred a year and they will help you setup the best structure for your specific situation. E.g. going with an S-Corp election is generally a good way to save on taxes, but for some will just add work/expense w/o any real benefits. The CPA will also keep up on changes and new things as well as now you have someone to talk to the IRS for you if that is ever needed.

@purrwap Жыл бұрын

Brian!!! We need more respectable people like you that have turned their passion to a new level. I appreciate you! Thank you :)

@yoloswagprobro8227 Жыл бұрын

For some reason as soon as I read the word Brian I thought u meant family guy

@jacksonroman1621 Жыл бұрын

"From my perspective, this highlights the importance of having a competitive advantage as investors. Merely mirroring the market strategies of others is insufficient in achieving optimal results. I am currently grappling with the decision to invest in the current market, as it presents both uncertainty and opportunity. Could you share your insights on this matter?

@stjepanhauser7595 Жыл бұрын

True, we’re only just an information away from amassing wealth, I know alot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?

@stjepanhauser7595 Жыл бұрын

I just Googled his name and his website came up right away. It looks interesting so far. I'm going to book a call with him and let you know how it goes. Thanks

@markrome9702 Жыл бұрын

One thing I did change was my W-4. Found out there was a change a few years ago that made it easier to adjust your taxes if you have a working spouse. Both my wife and I are now taxed at the higher rate. Seriously, if you have a working spouse, make sure you check to see if you indicated this on your W-4, especially if you find you owe money each year and wonder why they are not taking enough taxes out of your paycheck.

@moneyknack Жыл бұрын

Important footnote: Commuter benefits can only be used to pay for Lyft Line or UberPOOL. They cannot be used for regular Lyft or Uber rides.

@servingthedeen4786 Жыл бұрын

Thanks for your exhausted efforts in passing knowledge which has most likely benefitted all of your subscribers. May your knowledge & channel continue to grow & flourish into something greater.

@TreeFeller4Life Жыл бұрын

HEY MAN IVE WATCHED YOU SINCE THE BEGINNING OF THE START OF COVID BACK IN EARKY 2020…. You came way up brother I’m so happy for you man!!!!! I remember watching you give us updates on the stimulus checks praying they would come… thank you for your reporting man, you’re one of the real ones 🙏

@sgbbco3981 Жыл бұрын

Thank you. It's clear and concise information like this that will help people. If it's too far into the weeds with technical jargon the majority end up unable to properly understand or utilize the information. Thanks for keeping things simple and to the point. Great advice.

@the_plant_style5853 Жыл бұрын

Please do a tax savings for Self Employed 💜

@BigsexyChickenthighs Жыл бұрын

YES!!!

@kenitajames3203 Жыл бұрын

Thats the one i want to know

@salomahershberger5872 Жыл бұрын

Yes I'm in , waiting....

@sridhar2achutas Жыл бұрын

@scottwible1532 Жыл бұрын

Sep IRA, HSA, 529… Spend to grow the business and charitable giving.

@MichikoHoshi Жыл бұрын

Thanks Brian. Somehow your explanation of HSA and FSA in under 2 is far more helpful than any benefit guide was ever able to detail!

@aangitano Жыл бұрын

Brah! Some employers make those guides so confusing.

@mistyevans8160 Жыл бұрын

I sub at the very beginning of his channel. He is clear cut, uses lamens terms so we can understand, straight to the point, no clickbait, and his info is always verifiable. Thanks again for all your hard work, sir!

@aeris_188 Жыл бұрын

Brian: If my advise helps, my only request is to treat yourself or someone else. Better to keep the money then give it to the government. Protect this man at all cost. Love your videos. Thank you for all you do.

@genxx2724 Жыл бұрын

That was really sweet. I rarely treat myself to anything.

@cybernerds Жыл бұрын

Facts

@michaeld9146 Жыл бұрын

That statement made me want to give him money 😂

@WSJChan Жыл бұрын

Another EXCELLENT financial tax lesson for the people. You go Brian!

@michaelgarske6348 Жыл бұрын

There's more information in this video then any single CPA has ever provided. Honestly it's sad, but thank you for creating content that's to the point and not intended to be manipulative.

@david5544g 11 ай бұрын

Thank you for the content... Several times recently I have searched YT for information on many topics,,, Now when I see your thumbnail I just watch you... No bias, no fluff, just straight, easy to understand information. It's appreciated, take care.

@firstnamelastname3842 Жыл бұрын

Holy crap, I remember watching you ever single day during pandemic before they confirmed we would get a stimulus check. I still remember the video when you finally were able to tell us that, Yes, the stimulus package has finally passed!!! That was always fun watching you and guiding us through a crazy time

@beastmode3600 Жыл бұрын

Brian you are appreciated by the people ! We thank you for your service.

@MrDrMeow Жыл бұрын

Great simple helpful video as always. No stupid thumbnail or nonsense. Love it!

@NippleSauce Жыл бұрын

Under 400k per year is like 95-99% of the population. This was the right income range to cover to help out, haha. Thanks!

@eTradingshorts Жыл бұрын

Brian, I hope you know how much people actually apperciate you. You dont even have to do these videos but you choose to, your the man Brian.

@galileahernandez8244 Жыл бұрын

You are awesome! This is the first video I watch of yours and immediately subscribed. Straight to the point and extremely informative. No gate keeping , keep up the great work!!

@shawnbruce6934 Жыл бұрын

Thanks a Lot for this Brian. We ALL Really Appreciate Your Knowledge and Content.

@carrterdinkins7977 Жыл бұрын

When’s the “how to avoid taxes illegally in the us” video coming out?

@phillipzx3754 6 күн бұрын

That's coming out soon from the "Trump" disorganization. 🤣

@safe-investor-ag5813 Жыл бұрын

Brian, I watch every video you make because you’re one of the very few financial KZfaqrs I trust, I really look up to you.

@SwoopENT Жыл бұрын

I remember following your channel when you had less than 50k subscribers. Glad to see your channel's explosive growth. Thank you for providing all this knowledge for the under privileged people. You are doing god's work.

@josephsaeteurn9158 Жыл бұрын

homesty with no BS

@ramonsmediablog Жыл бұрын

Same

@jayr6777 Жыл бұрын

I remember too. It was like 2020

@BloominOnion1 Жыл бұрын

under privileged....smh.....living in the US and making enough to owe taxes, you've got it made compared to the global average....little perspective goes a long way my friend.

@SwoopENT Жыл бұрын

@@BloominOnion1 and somebody is salty and mad at the world. Get happy.

@KeepHealingSis Жыл бұрын

Wow, thank you so much for this video. I stumbled across it while I was working on my taxes and have business expenses that I'm not always sure are deductible. So very helpful. Much appreciated.

@danv965 Жыл бұрын

Spread the word about this channel. Straight forward and honest and easy to understand the material being discuss. A channel worth your time spend wisely.

@OTseven Жыл бұрын

Excellent info. To the point. No scare tactics , just facts. Perfect pace. No lengthy explanations or opinions. Aspects are defined, but no opinion. 5hank you. This helped a lot. I'm sharing this with others. Sadly, a Calif resident.

@JiminsBubbles Жыл бұрын

Brian I just started watching you recently and I just wanted to thank you for being such a genuine and straightforward professional. No fuss no fluff just the facts! 😊I’m going to be going through your list of videos because I need help with growing my wealth to retire early and I’m sure I will find some good info there. Appreciate all the info that you share, keep up the great work and thank you for being a treasure in a world full of junk!

@JJ-jo3rl Жыл бұрын

Brian thank you for how you show up for the people. Wishing you all the best!

@borkology3741 Жыл бұрын

Been following this guy since COVID, I refer this guy to everyone! Love this guy!

@hello-ff8hh Жыл бұрын

Have learned a lot from you, will continue to support you. Thank you so much !

@mondrian5620 Жыл бұрын

Brian, thank you so much for this information. I learn something every time I watch your videos. I honestly appreciate you taking the time to make this content.

@randomhenry7526 2 ай бұрын

No BS. Straight to the point. Thank you !!! (So helpful)

@carystevensky Ай бұрын

Thanks for this video!

@bamboojenkins8 Жыл бұрын

I can't say thank you enough Brian. I get shafted every year with taxes and while I'd never try some of the foul tricks others have played to get out of paying their share, I'm glad that now I have the knowledge where I can keep some of my money in my pocket LEGALLY. Thank you!

@HybridSoldier777 Жыл бұрын

Outrageous at the lengths you have to go through to be able to keep the money you worked for

@MenotMX80 Жыл бұрын

Really nice tome to this video. Just information, no sensational claims or dramatization. Great package of items to work on, thank you!

@alizahalon Жыл бұрын

It is very kind of you to do this. Thank you!

@datlogin Жыл бұрын

Know all these but I have to admit . You are to the point and very detailed

@tkdchief6294 Жыл бұрын

This is a really great video! Thank you for the work you put into this

@davidhawaii9797 Жыл бұрын

You are so awesome. I’ve been watching you for a long time now and you get better and better. You really are helping people and you really research to know your things. Much appreciated. As I can see it from the comments everybody appreciates you. Thank you.

@dzirisenior Жыл бұрын

thank you Brian from the bottom of my heart , remembering during covid, with your videos regarding stimulus, you are a real human being

@piyushsharma5021 2 ай бұрын

Thanks! Good info.

@stacie9239 Жыл бұрын

I love all your videos. Thank you for taking the time to educate everyone with your knowledge. Id like to see this video but for small business owners. Like under 500,000 a year small business owners.

@andrew_owens7680 Жыл бұрын

I've dealt with the IRS in the past and found them to be relatively fair so long as you are honest and transparent with them. I don't feel like I'm a sucker for wanting to fund government. Being a sucker is to not vote and not get involved with government so that the things they do with my tax dollars are reasonable.

@usernmae77 Жыл бұрын

Omg your intro hooked me! I love your disclaimer!

@champybxtowerboyz5065 Жыл бұрын

This the only guy I follow because everything he has on his channels checks out 💯 and never let me down so he has my full support!!! ❤

@maryk8563 Жыл бұрын

Thank you Brian! I always look forward to your videos. You have a gift at explaining the chosen topic. I learn more from you than I have taking courses.

@Johnny-xv3kt Жыл бұрын

Informative as always. Thank you, Brian!

@jboyuknown6169 Жыл бұрын

Your badass bro I don’t think I got much help for my circumstances, but the fact you say share and help someone out, love is love!

@macmaxdesign6375 4 ай бұрын

OK, this video is awesome! Thank you for your easy to follow overview. You're one of us.

@ketonoob Жыл бұрын

I don’t know if it’s sad or a proud moment that I knew all that was applicable to me from doing my own self-employed taxes for 15+ years. I used an account ant one year and gained knowledge of an SEP IRA which has higher contribution limits. That was worth it for that one year lol.

@goblue6351 Жыл бұрын

When do we have to start paying Tax?

@vallano8970 Жыл бұрын

@@goblue6351 Only when you work a job that brings in enough income to require taxation. But there’s more specifics having to do with age, if you’re filing single or married, if you’re self employed etc.

@tomjosi742 Жыл бұрын

Thank you Brian, I always wait for your videos because i learn a lot. Thank you for sharing such a valuable information.

@edwinrosales6322 Ай бұрын

Yours is one of the best channels here; thank you!

@lunalinda9906 Жыл бұрын

You’re amazing thank you so much! 🙏🏼🙏🏼

@tahlebahcolbert6987 Жыл бұрын

Brian, you always given great advice. Many blessings to you!

@bayareadrifter415 Жыл бұрын

Great video thank you for the content. Another thing is property tax! If you own a home and paid your property tax for the year you can use that as a deduction

@philipg8283 Жыл бұрын

Dude, thanks for the help. I knew some of these already. You’re awesome man. Thanks for sharing these.

@TheRacerRich Жыл бұрын

Regarding the 1099-B, more people need to be informed that those with wash sales, especially numerous wash sales, can't just rely on it, you have to report your individual trades.

@zhu711 Жыл бұрын

Crystal clear, short yet informative, awesome video !

@bobcity666 Жыл бұрын

Another legendary video with the best information on the streets and all for free!! Thanks for the knowledge, Brian 😎

@oscarpadilla5404 Жыл бұрын

You are so helpful, very much appreciate the info. Not many would give out free knowledge like you💯

@freddiecruz2670 Жыл бұрын

I will definitely look forward to reducing my taxes next year, as I paid more this year than the previous ones. Thank you so much for this video!!!

@aaronbruun Жыл бұрын

You always have great advise! Thank you for investing in us!

@nikkithomas6198 Жыл бұрын

Thank you Brian🙌🏾🙌🏾

@MJ-yo8rn 7 ай бұрын

Thanks so much for this video!

@akiraakira5057 Жыл бұрын

Thank you for all you do for us !!! Very helpful info.

@simonh7954 Жыл бұрын

You really are a wealth of information! Thank you so much for offering this advice I did learn a couple of things that I will talk to my accountant with.

@Guapox90 Жыл бұрын

You provide more information needed for ä successful pathway for all upcoming adults and adults. Keep it up

@appleztooranges Ай бұрын

Subscribed. Thanks

@angelpeterson9843 5 ай бұрын

I love it! Brian is teaching us to nickle and dime the irs. The BEST

@kauigirl808 Жыл бұрын

Thanks Brian. I started taking advantage of using my HSA account to pay medical/dental bills, and purchasing medical related things at the drug store and pharmacy. Be stupid not to.

@markschuyler3339 Жыл бұрын

Brian I appreciate all the information you post! It helps all of us so much! Any chance you could do a video like this for 1099 employees?

@tommyprimm4693 3 ай бұрын

good info!

@ivoted7199 6 ай бұрын

Thank you Sir. Well done.

@Jeff__M Жыл бұрын

Now these are the videos that are needed!

@baltazalcontreras8422 Жыл бұрын

I commute 1 hr to work before I used to listen to my music now I listen to you and another guy both of you give so much knowledge I just wanted to thank you for all your advice and let you know I appreciate all the information you give us. Thank you Brian.

@alexo5190 Жыл бұрын

Who's the other person you listen to?

@rainacherienne1010 Жыл бұрын

Who is the other guy? You mean the random guy?

@mason96575 Жыл бұрын

Omg I honestly thought he would pitch a course, or something. It's so nice to have an honest and straightforward video!

@kdubs3 Жыл бұрын

Great info. The Dependent Care FSA was one I hadn't heard of before. I could see that one thing saving us a few thousand a year in taxes for school expenses, babysitters, aftercare, after school programs, and day camps.

@HartPv Жыл бұрын

It’s not that useful, the contribution limit is $2,000 a year which is less than i pay in a month. Also you can just deduct it when you do your taxes which you’re going to have to do anyway because you can only set aside $2,000 through the FSA

@Drew-ju5od Жыл бұрын

Another issue, is you have to report every dollar you gave and to whom. So unless you want to report your babysitter income (taxes on the cash), out of luck.

@tsims1983able 7 ай бұрын

@@HartPvit must depend on your employer bc my max is $5k and I save $1500 in taxes

@virgnthermostat5928 Жыл бұрын

About to graduate with my Bachelor's of Finance. Thanks for the great information.

@Julia-xt2pk 4 ай бұрын

Thank you 🙏 😊

@fariharahman3960 2 ай бұрын

Thank you for making this video :)

@Antimonkat Жыл бұрын

I liked your videos last year, glad to see you poping back up in my feed. Unfortunatly, most of this won't apply to me, no dependents, no investments and no health expenses outside of company sponsered plan costs, already doing 401k, still owe more money then I think is fair. Might be able to use some of the commuter stuff though. Thanks :)

@juicedawell2402 Жыл бұрын

Something that I've seen happen is that the tax rates change but employees don't know that it's happened. So they've worked an entire year with the wrong withholdings and end up owing money when they're typically used to receiving a refund.

@overratedprogrammer Жыл бұрын

How do you get notified if tax rates change? I feel like there should be someway you be notified

@setalight7290 Жыл бұрын

@@overratedprogrammer i feel like the irs should do a lot of things one should lighten up the load on us single people paying 30 k in taxes is wack when bob and tina with 5 kids pays nothing 😭

@kaidenalex6370 8 ай бұрын

Thank you for helping me avoid from going into debt

@kabal717 Жыл бұрын

Thank you I really appreciate this helpful information, honesty and integrity to do the responsible and right thing while at the same time educate us to help save money I hope God bless you in everything you do.

@clearvaluetax9382 Жыл бұрын

Thank you for that super thanks Darvin! I appreciate it SO MUCH!