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.
Great class! It provided step-by-step instruction, which I was able to use in my practice right away. I was unsure whether or not to pay for this class since I found it via YouTube, but to those on the fence, I feel confident that the teacher is an expert in this area, and the materials and videos are well worth the price. I will be checking in with them in the future for more continuing education.
- Mandala, Arcata, CA, Correcting Depreciation Errors - Using Form 3115 CourseI really appreciate you doing the class. It was quite helpful.
- Debbie Y, Greensboro, NC, 1099-NEC & 1099-MISC Course (Training Edition) CourseThis 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 CourseI just took over the Treasurer position in my neighborhood. As you know, it’s tax time! I knew I could do it with help! Thank you! I am now an expert on our HOA taxes! I would definitely recommend this to others!
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