How to Pay Less Taxes to The IRS | Accountant Explains

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  • čas přidán 17. 12. 2023
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Komentáře • 520

  • @clearvaluetax9382
    @clearvaluetax9382  Před 5 měsíci +6

    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

  • @randymouser3816
    @randymouser3816 Před 5 měsíci +174

    The best LEGAL way to not pay taxes to governments is...to not make ANY money at all.

  • @jacobfoley9684
    @jacobfoley9684 Před 5 měsíci +12

    How about just delete the irs

  • @arthurtam9714
    @arthurtam9714 Před 5 měsíci

    That's why we love you so much Brian! Thanks for all the reminders for us!

  • @kennethchow3996
    @kennethchow3996 Před 5 měsíci +7

    Happy Holidays, Brian! Thank you for your wonderful advice. I always used the pre tax commuter benefit and fsa to reduce taxes.

  • @rachelledalomb5
    @rachelledalomb5 Před 5 měsíci +7

    You explain things so well! Thank you so much for all the info!

  • @franciscoflores9915
    @franciscoflores9915 Před 5 měsíci +7

    Keep up the great content, very much appreciated Brian!

  • @srikanthmaganty524
    @srikanthmaganty524 Před 5 měsíci +19

    I really appreciate your channel and the valuable insights you provide on various govt situations that personally helped me to stay ahead..❤

  • @mauricescott4675
    @mauricescott4675 Před 5 měsíci +2

    Great job for the ones don't know about this help is always needed and your good at that

  • @l.ls.8890
    @l.ls.8890 Před 5 měsíci +1

    I definitely loved getting this information today as it refreshed my memory on some things that I do not use but have friends that do.

  • @mw3516405
    @mw3516405 Před 5 měsíci +7

    Brian🌿 Thank you for not forgetting us! We appreciate you sharing your knowledge and experience,! 🎄

  • @LeadByExample2911
    @LeadByExample2911 Před 5 měsíci +3

    Just check the “exempt” box when filling out your w-4 🤷🏻‍♂️😉

  • @gabunir
    @gabunir Před 5 měsíci +8

    This is actually really good advice. Good refresher for people too. Great video.

  • @southeastoriginal5668
    @southeastoriginal5668 Před 5 měsíci +41

    This is definition of SOLID ADVICE!!! Thanks bro people charge for this simple stuff but make it complicated

  • @joannafull3727
    @joannafull3727 Před 5 měsíci +8

    Thank you for sharing your knowledge Brian. I am truly grateful to you. 👍🙏

  • @luciid9072
    @luciid9072 Před 5 měsíci +1

    These videos are always appreciated. Thank you for all you do!

  • @SKZ1360
    @SKZ1360 Před 5 měsíci +124

    Brian is the real deal, thanks for sharing your knowledge with us.

  • @agarci7
    @agarci7 Před 5 měsíci +41

    This beautiful man helped me through the pandemic with so much info, and he's still banging out quality content

  • @andreafuenzalida9766
    @andreafuenzalida9766 Před 5 měsíci +3

    Thank you Brian for your great advice!

  • @Shanoobpp
    @Shanoobpp Před 5 měsíci +17

    The video is very informative, well made, and easy to follow for anyone.

  • @Biochem1921
    @Biochem1921 Před 5 měsíci +12

    Thank you very much Brian for taking the time and making this very important video.

  • @govind90
    @govind90 Před 5 měsíci +13

    Excellent breakdown of tax savings options. Well done.

  • @jojoc5575
    @jojoc5575 Před 5 měsíci +2

    Thank you Brian! I learn alot from you and i Appreciate all your videos.

  • @zoetrosin9434
    @zoetrosin9434 Před 5 měsíci +64

    Hey Brian, long time watcher, I was wondering if you'd be able to consider an updated 1099 for gig workers video. I am just getting into this and would love to keep doing it, but I am completely lost with taxes, Sending love and holiday wishes❤

    • @trailblazer8276
      @trailblazer8276 Před 5 měsíci +14

      I agree! Brian, can you help us with more tax deductions with us self employed!

    • @frescosmalls
      @frescosmalls Před 5 měsíci +8

      Set aside 30% of your 1099 income for taxes! Pay taxes quarterly also to avoid interest penalties from the IRS.

    • @lscorpiusl605
      @lscorpiusl605 Před 5 měsíci +2

      Just open up an LLC and run all of your income through the LLC

  • @matthewtaylor6564
    @matthewtaylor6564 Před 5 měsíci +3

    As my father, once told me make as much money as you can, because most can’t and then worry about the taxes later

  • @Dr.irenebuenavistamolina
    @Dr.irenebuenavistamolina Před 5 měsíci +2

    Thanks, Brian, very helpful!

  • @CaptainT1989
    @CaptainT1989 Před 5 měsíci

    This is real game. Thank you Brian.

  • @cuajil
    @cuajil Před 5 měsíci

    Thanks for the video! I really like the new illustrations you’re adding too.

  • @rolandorivera5469
    @rolandorivera5469 Před 5 měsíci +8

    Thank you Brian love ur videos.

  • @nikc.4113
    @nikc.4113 Před 5 měsíci +4

    Brian I absolutely lovvveeee this channel! Thank you for sharing all of your knowledge and wisdom with us. May GOD continue to BLESS you for this!

  • @samirsolis5613
    @samirsolis5613 Před 5 měsíci +2

    Thank you for sharing Brian

  • @ChristinaMoralesMindfuqed
    @ChristinaMoralesMindfuqed Před 5 měsíci +8

    We knew brian had money in the family 😢 he just using his higher education skills to do right by the people❤

  • @descend2ascend
    @descend2ascend Před 5 měsíci +1

    Thank you for providing so much info.

  • @reedmusic
    @reedmusic Před 5 měsíci

    I love this new format. Thanks!

  • @peterlee244
    @peterlee244 Před 5 měsíci +3

    Crystal clear
    Thank you for sharing useful information

  • @zulemaalamo4863
    @zulemaalamo4863 Před 5 měsíci

    Excellent advise thank you for sharing your knowledge with us Brian

  • @TheArtOfDean
    @TheArtOfDean Před 5 měsíci +2

    Thank you for the tips.

  • @walterpfeffer5538
    @walterpfeffer5538 Před 5 měsíci

    Thanks again! Always saving us money!

  • @SreenathV
    @SreenathV Před 5 měsíci +1

    Very clear and crisp. Awesome video

  • @floraandfaunab8855
    @floraandfaunab8855 Před 5 měsíci +1

    Wow, five star content. Thank you so much.

  • @mauris01181012
    @mauris01181012 Před 5 měsíci +1

    Really needed this!! Thank you!!!

  • @phul4619
    @phul4619 Před 5 měsíci +1

    Love the slides. Very useful. If you can do slides with your future videos too that would be great! Thank you for all that you do!

  • @fuyu5979
    @fuyu5979 Před 5 měsíci +1

    Awesome helpful n informative vid. Especially ur step by step explainations. Kudos. Anticipating ur next one. Peace

  • @chadzulu4328
    @chadzulu4328 Před 5 měsíci +1

    This is great information, thanks!

  • @marlynbannister7048
    @marlynbannister7048 Před 5 měsíci +1

    Thanks for all your insight

  • @trangh8707
    @trangh8707 Před 5 měsíci

    Thank you so much for the info. Greatly appreciated ❤❤❤❤❤

  • @kdefensemartialarts8097
    @kdefensemartialarts8097 Před 5 měsíci +3

    Thank you for your videos.

  • @FireManTTSOM
    @FireManTTSOM Před 5 měsíci

    Thank you, always good information.

  • @missbttrsctch
    @missbttrsctch Před 5 měsíci

    GREAT information, thank you!!

  • @cubfanthad
    @cubfanthad Před 5 měsíci

    Thanks for the great tips!

  • @a13xl
    @a13xl Před 5 měsíci

    I really liked the illustrations. Very visual for me. Thank u for this video.

  • @SithLordmatthew
    @SithLordmatthew Před 5 měsíci

    I just did the end of the year expenses big time bought another major lawn mower last week to replace the older one in my fleet. 22,000 off my business income to go with the 23,000 for its sister mower we bought this spring . Add in some replacement 2 cycle equipment and I have close to 50k in new purchase write offs this year.

  • @mysticoraclemary
    @mysticoraclemary Před 5 měsíci

    thx. I shard this. awesome job @ClearValue Tax

  • @lydiah7184
    @lydiah7184 Před 5 měsíci +1

    Great video, thanks! You’re reminding me to purchase things I need for my small business NOW.

  • @cyclingxventures
    @cyclingxventures Před 5 měsíci +5

    I'm a tax accountant, and I come to you, Brian, for my goodies :D thank you!!!

  • @lorenaresendez9676
    @lorenaresendez9676 Před 5 měsíci

    Thank you. Merry Christmas and happy new year. 🎉🍷

  • @arelismargarito5283
    @arelismargarito5283 Před 5 měsíci

    Great information Brian! 💴Thank you for sharing 😇🙋🏻‍♀️👍🏼

  • @Kcorey
    @Kcorey Před 5 měsíci

    It’s so great video… I was looking for…
    Taxes are really headaches every year for us. Thank you ❤

    • @jacobawojtowicz
      @jacobawojtowicz Před 5 měsíci

      But Welfare Queen Israel needs your billions.

    • @user-qt7ze5lo6w
      @user-qt7ze5lo6w Před 5 měsíci

      YOU ARETHE ONE "Clear value Tax" WHO ALWAYS TELLING US THE ACCURATE INFO AND THE LATEST INEWS!!!!!! YOU DESERVED TO HAVE ALMOST TWO MILLION SUBSCRIBERS!!!!!!!!!!

  • @ilonakim5034
    @ilonakim5034 Před 5 měsíci

    Bravo! Thank you for sharing !

  • @ComradeJetski
    @ComradeJetski Před 5 měsíci +4

    With wash sale, make it 31 days to play safe.

  • @joeosorio3748
    @joeosorio3748 Před 5 měsíci

    Excellent video. Wish I would have seen it last yr

  • @rosebloom2518
    @rosebloom2518 Před 5 měsíci +5

    Happy Monday Brian!!! Have a great day!🌺☀️

  • @cafelate9515
    @cafelate9515 Před 5 měsíci

    Thanks for this education

  • @fgbowen
    @fgbowen Před 5 měsíci +5

    1:17 - Sir! You are Amazing!!! You Organize your videos SO well - Incredibly clear and concise and helpful.

    • @clearvaluetax9382
      @clearvaluetax9382  Před 4 měsíci +1

      Thank you for all the support fgbowen!

    • @fgbowen
      @fgbowen Před 4 měsíci

      @@clearvaluetax9382- well sir - absolutely 100% you deserve it.

  • @chhe5433
    @chhe5433 Před 5 měsíci +2

    This conent is invaluable!

  • @MrAlvaradodan
    @MrAlvaradodan Před 5 měsíci

    Very well done. Thank you

  • @rodelynpitcher7867
    @rodelynpitcher7867 Před 5 měsíci

    Thanks again Brian! Very informative. :)

  • @samyhanna1094
    @samyhanna1094 Před 5 měsíci

    Thanks for explains the options. I have achieved good profit from fist buying call options and after 2 times rolling over😊

  • @303topgun
    @303topgun Před 5 měsíci

    thanks for sharing information. Lot of cpa wont even tell you all the things this video did. The slides and animation helped as i have adhd and would have lost focus.

  • @comicbookmoney3286
    @comicbookmoney3286 Před 5 měsíci +6

    more of these tax shelter vids please, thanks for the good stuff

  • @bowedpsaltery
    @bowedpsaltery Před 5 měsíci

    Thank you so much - we love you!

  • @jerelrobinson3762
    @jerelrobinson3762 Před 5 měsíci +2

    Thak you for this ma!

  • @ryanwolfe7041
    @ryanwolfe7041 Před 5 měsíci

    Great info. Thanks

  • @frederickndam3953
    @frederickndam3953 Před 5 měsíci

    Thanks for the content.

  • @raybeattie985
    @raybeattie985 Před 5 měsíci

    I like this format..thanks

  • @MrGoldenBomb
    @MrGoldenBomb Před 5 měsíci

    Great advice on the 529 state deduction!

  • @kevinholaway3998
    @kevinholaway3998 Před 5 měsíci

    Hopefully you guys have a great holiday season

  • @kgdonna
    @kgdonna Před 5 měsíci +2

    This channel is fantastic

  • @scc12321
    @scc12321 Před 5 měsíci +91

    You're literally my hero Brian I learn so much from you. Thank you for teaching me things we should be learning in high school

  • @QCumber57
    @QCumber57 Před 5 měsíci +1

    Great advice

  • @TerryCollinsP31Lifestyle
    @TerryCollinsP31Lifestyle Před 5 měsíci

    Thanks for this video.

  • @Jdownner
    @Jdownner Před 5 měsíci +4

    Thank you!

  • @wott7
    @wott7 Před 5 měsíci

    Damn straight to the point. Nice.

  • @Crazyitalian1995
    @Crazyitalian1995 Před 5 měsíci +4

    Hey Brian, nice to see you again

  • @suer3818
    @suer3818 Před 5 měsíci

    Merry Christmas!!🎄🎁🙏🏻

  • @MidnightToker_98
    @MidnightToker_98 Před 5 měsíci +4

    Thanks Brian!

  • @Joseph_CPA_JD_LL.M
    @Joseph_CPA_JD_LL.M Před 5 měsíci

    Great presentation

  • @hwasookyung
    @hwasookyung Před 5 měsíci +59

    Tax loss harvesting has a limit. It was 3k in 2021.
    Lost about 20k, but was only able to deduct 3k. The limit might be a bit higher now.

    • @tonywong8134
      @tonywong8134 Před 5 měsíci +30

      You can carry it over the next three years I believe. So you can claim another three grand next tax year.
      EDIT: According to intuit, you can do this indefinitely until your losses are used up

    • @Ageleo
      @Ageleo Před 5 měsíci +1

      Do you need to do anything special to carry over the losses forward?

    • @tonywong8134
      @tonywong8134 Před 5 měsíci +6

      @@Ageleo No. Also, see the edit. You can do this until your losses are used up.

    • @jumpman366
      @jumpman366 Před 5 měsíci

      You suck at stocks just do index funds LMFAO

    • @Ageleo
      @Ageleo Před 5 měsíci

      @@tonywong8134
      So when I do my taxes, it should just automatically carry over then?
      Got it, thanks you. I'm down about 10k this year. Too bad it's gonna take 4 years to get all of that back.

  • @deborahaichele8829
    @deborahaichele8829 Před 5 měsíci +9

    We need a flat tax. Right now the tax laws are insane.

  • @GenesisZeroTechnology
    @GenesisZeroTechnology Před 5 měsíci +2

    Just made my 529 savings plan. Thanks Brian! I appreciate your hardwork!

  • @IQPHILOSOPHY
    @IQPHILOSOPHY Před 5 měsíci

    Will definitely recommend anyone this channel for financial help❤

  • @user-qt7ze5lo6w
    @user-qt7ze5lo6w Před 5 měsíci

    YOU ARETHE ONE "Clear value Tax" WHO ALWAYS TELLING US THE ACCURATE INFO AND THE LATEST INEWS!!!!!! YOU DESERVED TO HAVE ALMOST TWO MILLION SUBSCRIBERS!!!!!!!!!!

  • @vialina.design
    @vialina.design Před 5 měsíci

    That's the best explanation that I have seen. Thanks for making it. I have another question about the Premium Tax Credit: how did they calculate it?

  • @zinzayzinzay3085
    @zinzayzinzay3085 Před 5 měsíci +2

    Good video 👍

  • @donnamadril1938
    @donnamadril1938 Před 5 měsíci +3

    My Hero 🙏🏼

  • @NativePpl
    @NativePpl Před 5 měsíci +4

    Breaks for the little guy (as applicable) 👍🏼

  • @ronaldgonzalez5073
    @ronaldgonzalez5073 Před 5 měsíci +3

    Thank you

  • @user-fv9tj7fb3x
    @user-fv9tj7fb3x Před 5 měsíci +82

    I’m in such a hard spot when it comes to maximizing tax benefits. I’m single, no kids, make 170k and can’t take advantage of any tax benefits because I make too much - not even deductions for student loan interest. They already take out so much in taxes, very annoying.

    • @Dumbluck14
      @Dumbluck14 Před 5 měsíci +6

      Extremely annoying. And I am personally sick of it.

    • @aNotoriousNerd
      @aNotoriousNerd Před 5 měsíci +13

      I’ve thought of that too. However maximizing on tax deductions doesn’t nearly come close to the liability costs of having children.

    • @wadej769
      @wadej769 Před 5 měsíci +15

      Def max out your 401K or retirement plan. Got mine at 25% of gross now given it is pre-tax. Better then giving that money to U Sam

    • @brandon8531
      @brandon8531 Před 5 měsíci +35

      Don’t complain. Most people would love to be making $170k.

    • @Lovepinkdress
      @Lovepinkdress Před 5 měsíci +7

      Same here and this is not enough to live in NY😢

  • @natalieyt1851
    @natalieyt1851 Před 5 měsíci +1

    Don't forget about the new energy credits

  • @andreamachacova4352
    @andreamachacova4352 Před 5 měsíci

    This chanel is the bomb!👍👍👍