Top 10 tax tips to safely maximize your tax refund

Top 10 tax tips to safely maximize your tax refund

HomeClearValue TaxTop 10 tax tips to safely maximize your tax refund
Top 10 tax tips to safely maximize your tax refund
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Here are your top ten tips for filing your taxes. This is perfect for you if you file your own taxes through TurboTax or another home tax preparation software. I answer the most common questions I'm asked during tax season about income tax preparation. I'll also give you tips to ensure you don't cause problems with the IRS and also how to avoid paying too much tax in certain situations. In this video about your tax return, I'll actually answer your tax questions so you can feel at ease and file your taxes with more confidence. This is your tax cheat sheet, and we'll discuss taxes on sole proprietorships, deductions for charitable donations, medical expenses, itemized deductions, the W4 form, and much more.

We also give you peace of mind knowing when to file your tax return jointly or file a marital return separately. We also take gambling losses so you can offset them against your gambling winnings to reduce the taxable income you recognize from your W2-G.

We reimburse the childcare discount and also the babysitting tax. We even cover audit risks and taxes for sole proprietorships. Yes, we reimburse a small part of the sole proprietorship tax.

We also cover HSA and HSA distributions. We discuss the taxation of stock options and the issue of cost basis which can be corrected with additional information from the brokers or from the taxable income statement.

Also, don't forget that in 2020 you can still make a 2019 Traditional IRA contribution and still receive a tax deduction. We also discuss Schedule E regarding rental property taxes or rental taxes. Don't forget about depreciation costs and claiming depreciation costs for refinancing costs. We also have a separate video about the revaluation of depreciation for rental properties.

And even if you think you won't be able to meet the tax deadline, we recommend that you request an extension. You can save on IRS and state penalties if you file an extension of the unfiled penalty.

As you can see, we discuss all tax advice and tax tips for filing your income tax return and how you can save money on taxes. We hope you benefit from this video. Comment, subscribe and give a thumbs up. And again, don't forget to update your W4.

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