Do you know that taxes are the largest household expense of most working Americans? According to the Tax Foundation, Americans collectively spend more on taxes each year than they spend on food, clothing, and housing combined! Taxes are so high, in fact, that the average American had to work until April 24 last year, 114 days, just to pay their share of federal, state and local taxes. There’s still time! Every $1,000 in additional deductions or reductions in taxable income can save up to $390 in federal tax! In many cases, you may even save on state tax as well. Reduce the number of days you worked to pay the government instead of yourself with this Tax Tip video. In this brief video you will learn six last-minute actions you can take to this year’s tax bill:
All courses and articles are for informational purposes only and do not constitute tax advice. Taxes are complicated - do not act on course information without consulting a professional. Always refer to treasury regulation before making any tax decision. Read the full disclaimer.
This course package is thorough and will give you a solid handle on how to optimize your business expenses to minimize your taxes and keep appropriate records to handle any IRS challenges. Only want to dive into a particular topic? Jump to that video and scan forward to where your issue is addressed. Or watch the whole series to learn it all!- Josh, Charles Town, WV, Real Estate Agent Tax-Cut Library, Agent Edition Course
Your course gave me the confidence to file taxes for the first time in the history of our homeowner association!- Deni, Colorado Springs, CO, 1120-H Basics Course
Your video class on this issue (HOA taxes) has given me the confidence to go forward.- Desmond, Frederick, MD, 1120-H Basics Course
Thanks for offering Overnight Accountant!- Josh, Charles Town, WV, 1099-MISC Basics Course
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