🚨 BEST TAX BREAKS: What Is Tax Credit & How You Can Use It | Tax Credits 101 Basics
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- เผยแพร่เมื่อ 30 ก.ย. 2024
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The information provided on this channel should not be construed or relied on as professional advice for any specific fact or circumstance. This channel and its content are designed for entertainment and information purposes only. The content available is created to provide a general overview of a topic and is not a substitute for professional services. Always seek the advice of a finance or a legal professional that would take into account your specific circumstances. Opinions expressed are solely my own. Only publicly available information has been used.
Hi everyone! This content is also available on Rumble: rumble.com/c/LenaPetrovaCPA
Thank you Lena. Going to have to look into the elder care tax credit. Much appreciated 👍
Very interesting, you're right about hiring someone and expecting them to find these credits but what if they don't ever really know you, your life and goals! From my experience, they want to look good to the IRS so they don't do much to some while others are receiving "special" attention
Great video, Lena. The more knowledgeable a taxpayer is about taxes the better outcome they can have, even if they hire a professional to do their taxes. Tax professionals are human, and even a CPA can make honest mistakes.
One thing that confuses people is the difference between the amount owed with the return and the actual tax. The true tax liability that can be offset by a nonrefundable tax credit is not just the amount owed with the return (not considering the credits), but the total tax on the return. Nonrefundable tax credits can reduce this to zero, but not below zero. A refundable tax credit can reduce the tax to below zero, creating a negative tax.
Thanks for your channel. I hope you get lots more attention and traffic.
Good morning Lena 🌞
Thank you 😊
Your tax preparer doesn't work for you, they work for the IRS
Just do not pay taxes keep it simple. Read your constitution clearly.