In this video, I dive into the newly released 2024 tax brackets, comparing them with 2023's to show you exactly how much you'll save. Using a custom-built calculator, I demonstrate the differences in taxes at various income levels, debunking myths about the impact of inflation-adjusted tax brackets. I'll also guide you through the essentials of tax credits and deductions, including real examples like the child tax credit and 401K contributions. Plus, I introduce the IRS Form W4 online estimator, a powerful tool to help you identify potential tax savings. Whether you're planning for retirement, running a small business, or just seeking ways to optimize your taxes, this video is packed with valuable insights to aid your financial journey.
0:00 Intro
0:39 2024 Tax Brackets
1:45 2023 Vs 2024 Tax Brackets
2:33 Tax Brackets Illustrated
3:33 Tax Bracket Chart for ALL income levels
4:00 Tax Credits and Tax Deductions Explained
5:35 List of Tax Credits and Tax Deductions
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TRAVIS T SICKLE, CFP®, EA®, AAMS®, CRPC®, RICP®
CERTIFIED FINANCIAL PLANNER™
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