@@justducky8508 The original (and current) meaning of invaluable is "valuable beyond estimation"; the word describes something so precious that one cannot assign a price to it. This, clearly, is the opposite of the meaning "having no value; valueless" that the word might seem to carry.
This is the best video you guys made so far. Im on level 4 right now but im on my way to 5. Happy to see that you guys also care about shielding hard earned income.
If you set up a trust, chances are your beneficiaries will not ever receive the proceeds. A few years after death the attorney will close the trust and there are no laws ordering them to ever pay the beneficiaries anything. Give your money to charity or relatives while your, living or they will never see a dime.
Very helpful learning about taxes now, my question is I’m in the 22%-24% tax bracket and file as single. Could I file for the standard deduction and do itemized expenses for my Real State investment? Or itemized is for everything? Ty
currently in level 3, I'm slacking I need to update my w4 (great video btw) I recently got a raise and a promotion is in the works. need to take advantage of all credits and deductions.. and YES! can't wait until you take new clients.
@@LYFEAccounting how can I get a consultation with your business. I have questions and have attempted to hire you but it says yall are not Taking new clients
The average annual wage in the United States is about $50k, and I guess it would depend on what your view on luxury is. If you’re eating out every weekend to me that’s luxury territory
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Suggested Video to Watch Next: Tax Avoidance Strategies for Individuals - th-cam.com/video/aLGyEio20s4/w-d-xo.html
I need y’all for my business accounting and expertise. When will you all be accepting new clients?!? Your content is invaluable
Very soon! Stay locked in :)
I agree. Needs to start taking clients for business and personal.
What exactly do you mean by “your content is invaluable.” ?
@@justducky8508 The original (and current) meaning of invaluable is "valuable beyond estimation"; the word describes something so precious that one cannot assign a price to it. This, clearly, is the opposite of the meaning "having no value; valueless" that the word might seem to carry.
This is the best video you guys made so far. Im on level 4 right now but im on my way to 5. Happy to see that you guys also care about shielding hard earned income.
A large part of our audience we are trying to help get to level 4 but we also have content coming for 4 and above. Thanks for sticking with us.
Waiting patiently for you to start taking clients
Family Trust Fund, u pay $0 taxes. Never sell your assets and get a Bank loan which is called Good Debt🎉
Thank you for explaining the different income levels and how to avoid paying so much money in taxes 👏.
Please do a viedo about how the 15.00 per hour with out child tax credit can make someone now be in a higher tax bracket and now pay higher taxes.
If you set up a trust, chances are your beneficiaries will not ever receive the proceeds. A few years after death the attorney will close the trust and there are no laws ordering them to ever pay the beneficiaries anything. Give your money to charity or relatives while your, living or they will never see a dime.
Question: I am on SSI disability, do I file taxes and if so I don't have a W-2 from SSA.
Can i ask..your topic is US tax? Or other countries tax?
I am a serior with a settlement do I paid taxes?
Very informative video for everyone,especially for those people who are paying taxes that shouldn't be
Glad you agree, thank you so much
These tax tips are extremely helpful. Thank you for the time and research needed for this content.
BTW I peeped the 410K typo 😂
Thanks for watching, Sean! And yeah that typo hurt 😂
10-12%.. I'm also starting a business..what advice do you have for the Biden tax law about the $600 transaction
Well, that law is not in effect yet. That’s just a proposal, so we’ll see what happens
This maybe Generic Tax Advise, but if you speaking...we listening:-)
I appreciate that, Mark! Yes generic but definitely needed for some
I'm level 4 with 2 business
Oooo I love this info so much
Very helpful learning about taxes now, my question is I’m in the 22%-24% tax bracket and file as single. Could I file for the standard deduction and do itemized expenses for my Real State investment? Or itemized is for everything? Ty
Great content.
Thanks, Bill!
I have a full time job and 2 businesses. A cleaning services and a beauty Supply store. How should I file my tax next year?
Thanks in advance
currently in level 3, I'm slacking I need to update my w4 (great video btw) I recently got a raise and a promotion is in the works. need to take advantage of all credits and deductions.. and YES! can't wait until you take new clients.
Thank for the video... My wife and I currently earn between Level 2 & 3. Jointly just under 100k. Do we fall into the tax bracket of Level 2 or 3?
More money more problems
Straight up
I found this video helpful because of its simplicity in explaining the different tax brackets. Thank you.
Great information
I am in income level 2 but I do use a Roth IRA and use the remaining to save. this was helpful information
Income level #3. Yes we use all the strategies you mentioned.
Bruh the intro joke really 😂😂😐😑
🤣🤣🤣🤣
Yes
I KNEW YOU GUYS WERE THE GREATEST..!!😓😓😇😇🤲🏾🤲🏾
didn't I show my admiration the other day?? 😓😓😇😇🤓🤓😎😎
Thanks so much, Bobby! Hey, we love when you comment! 😂💯
Should I take and keep loans on my investment rental properties or can I keep buying cash and still have benefits?
That is a question of risk tolerance and scale. You won't lose out on any major tax advantages by buying in cash.
@@LYFEAccounting how can I get a consultation with your business. I have questions and have attempted to hire you but it says yall are not Taking new clients
Very helpful, i just started my first business. I haven’t made revenue yet but my adhd wants me to get everything done 😅
Haha I know what you mean. One step in front of the other will get you to where you want to be. 😉
100k is luxury? In Murica 🤔😆 I'm trying to create a business and slide into REI. No idea how to do my book keeping. Probably taking the L by EOY 😶
The average annual wage in the United States is about $50k, and I guess it would depend on what your view on luxury is. If you’re eating out every weekend to me that’s luxury territory
@@LYFEAccounting facts. 100k is more than enough
Extremely helpful! This channel is my new obsession
y'all got a new sub, really appreciate all the information
Thanks for the sub and welcome to the family!
With retirement all the dollars put away, will it be worth the same in like 3 decades ??? 😩
With a retirement account, you can invest money so the money grows with inflation
@@LYFEAccounting awesome!