Tax Credits vs Tax Deductions: What is the Difference and Which is Better?

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  • เผยแพร่เมื่อ 24 พ.ย. 2024

ความคิดเห็น • 40

  • @JaniceSawyer
    @JaniceSawyer 2 ปีที่แล้ว +13

    Thank you for simplifying these two terms. I spent 40 min perusing some of the videos on this topic, and your video was by far the easiest to follow. Thank you for dumbing it down for me!

  • @passiveincomeac
    @passiveincomeac หลายเดือนก่อน

    I'm happy to be part of a growing organization that is changing people's lives

  • @aaronlpez9594
    @aaronlpez9594 3 ปีที่แล้ว +8

    You best believe I wanna know what all credits are out there. 👍👍👍👍

  • @denardmcclairne8453
    @denardmcclairne8453 2 ปีที่แล้ว +3

    Definitely informative and educational!
    I fancy how this tax expert breaks down the basics of credits versus deductions. I will be sharing this video. Thank you!

  • @cooldawg2009
    @cooldawg2009 ปีที่แล้ว +2

    Definitely one of the most informative videos I’ve ever seen on tax information. Thanks and keep up the great work!

  • @saulhernandez4900
    @saulhernandez4900 2 ปีที่แล้ว +1

    wow I barely noticed today that deductions and credits aren't the same thing and I decided to look for a video explaining it and you just explained everything really well. Thanks!

  • @strongjohn7078
    @strongjohn7078 3 ปีที่แล้ว +7

    You guys are so easy to understand. Do you all do taxes for someone in need. What city are you. Thanks

    • @LYFEAccounting
      @LYFEAccounting  3 ปีที่แล้ว +4

      Thanks for saying that, we aren't accepting clients yet, but subscribed and stay connected because we will soon. :)
      We are in Atlanta, GA

    • @strongjohn7078
      @strongjohn7078 3 ปีที่แล้ว +1

      Bummer. I’m in Los Angeles. Wish I was in Georgia.

    • @LYFEAccounting
      @LYFEAccounting  3 ปีที่แล้ว +3

      @@strongjohn7078 Never been to LA but I always wanted to visit Hollywood and Disneyland

    • @strongjohn7078
      @strongjohn7078 3 ปีที่แล้ว

      @@LYFEAccounting nice to visit but don’t live here. All state taxes will kill you🤦🏻‍♂️

  • @maggiemagoo5638
    @maggiemagoo5638 7 หลายเดือนก่อน

    Great video. I always get confused with the deductions for my business and rentals. Would love if you could do a video about this regarding rental & business deductions with examples.

  • @theunknownempress
    @theunknownempress ปีที่แล้ว +1

    You guys are awesome! Im learning so much! Thank you

  • @anitawright5878
    @anitawright5878 3 ปีที่แล้ว +6

    Please make the video on what they are!!! Thanks so much!!!!

  • @E67Agency
    @E67Agency 3 ปีที่แล้ว +4

    18 likes... on our way to 1000. Good job 👍

  • @jjna8844
    @jjna8844 3 ปีที่แล้ว +2

    Very informative. 👍🏾

  • @Cris-hk4cn
    @Cris-hk4cn 8 หลายเดือนก่อน

    This video was very helpful. Thanks so much

  • @tchesstc
    @tchesstc 3 ปีที่แล้ว +1

    Hope this makes some type of sense...Starting a business...which is the better way. LlC and/or DBA (currently securing startup capital)and which would give me the better tax rate from the onset HOH or Single.

    • @LYFEAccounting
      @LYFEAccounting  3 ปีที่แล้ว +1

      Its going to be based on your revenue and profit, its too early to recommend an entity for you

  • @KandyKidraver15
    @KandyKidraver15 3 ปีที่แล้ว +1

    looking forward to your next video

  • @ay-kae
    @ay-kae ปีที่แล้ว

    Where is the video showing all the different types of tax credits ??? 🙏

  • @andrechapman
    @andrechapman ปีที่แล้ว

    Thank you!

  • @Max-wq5qs
    @Max-wq5qs 9 หลายเดือนก่อน

    Amazing!

  • @dwaynemartin8495
    @dwaynemartin8495 ปีที่แล้ว

    Do this video again

  • @truthtransistorradio6716
    @truthtransistorradio6716 ปีที่แล้ว

    I would prefer the pre Federal Reserve Act inwhich there was no Federal income tax!

  • @alexanderlaurent7788
    @alexanderlaurent7788 10 หลายเดือนก่อน

    Thanks!!!

  • @danamazon3208
    @danamazon3208 3 ปีที่แล้ว +1

    Awesome video if I can stay in the first 10 comments on this channel on these videos can I get some one-on-one advice

    • @LYFEAccounting
      @LYFEAccounting  3 ปีที่แล้ว +1

      How can I help you?

    • @danamazon3208
      @danamazon3208 3 ปีที่แล้ว +1

      @@LYFEAccounting I'm going to start my LLC in the beginning of June. I have watched over 100 videos on "soft pull" personal and business credit lines.

    • @danamazon3208
      @danamazon3208 3 ปีที่แล้ว +1

      @@LYFEAccounting also the EIDL & PPP loans available to small businesses I need someone to walk me through the pre-qualifications and application process to get access to those funds

  • @pinkorganichorse
    @pinkorganichorse ปีที่แล้ว

    Do you prepare tax returns for SC landlords?

  • @lovelybudgetplans
    @lovelybudgetplans 3 ปีที่แล้ว +3

    I need your services.

    • @LYFEAccounting
      @LYFEAccounting  3 ปีที่แล้ว +2

      We will be accepting new clients soon, subscribe and stay connected!

    • @kirst.7318
      @kirst.7318 10 หลายเดือนก่อน

      Same

  • @R1D9M8B4
    @R1D9M8B4 ปีที่แล้ว