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Book an introductory meeting: https://schedule.lyfetaxes.com/discoveryapplication
If you take advantage of the tax deductions for individual taxpayers from this video, it will definitely help you reduce your taxable income, which in turn will reduce your tax burden.
So in this video I'll explain exactly how
– The tax system works
– The standard deduction for 2022
– Discover my most overlooked tax deductions for individuals
Timestamps
Introduction (0:00)
How the US Tax System Works (1:30)
The standard deduction (3:13)
Tax Deduction #1 (5:05)
Donor Advisor Fund (7:20)
Tax Deduction #2 (8:38)
Tax Deduction #3 (9:50)
Tax Deduction #4 (11:27)
Tax Deduction #5 (12:09)
Tax Deduction #6 (12:49)
Tax Deduction #7 (14:27)
Tax Deduction #8 (15:28)
Tax Deduction #9 (16:31)
Useful tools I use:
– Quickbooks (for accounting): https://bit.ly/3ATx1F3
– ZenLedger (crypto capital gains tax tool): https://bit.ly/3Lgabwf
More popular uploads:
How Marriage Affects Your Taxes: https://youtu.be/IlJ4ZkMNFjw
How to write off your dream car: https://youtu.be/RlqTFM5ab5Y
Single Member LLC, what you need to know: https://youtu.be/iHy1xLYqS6Q
How to start a business: https://youtu.be/gEICb03wQng
How to write off lifestyle expenses: https://youtu.be/xFzWkh4URyw
How to File Your Tax Return as an LLC: https://youtu.be/vqsghJV1AbU
The United States has a progressive tax system. This means that people with higher taxable incomes pay higher rates, while people with lower taxable incomes pay lower federal income tax rates.
This contributes to a fair tax system.
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Disclaimer: The information in this video is for informational purposes only and is not intended as a substitute for professional legal, accounting, or financial advice. If you have any legal questions about this video or the topics discussed, or any other legal matters, you should contact an attorney or tax advisor in your jurisdiction (i.e., where you live).
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