Understanding Tax Deductions: Itemized vs. Standard Deduction
investopedia.com
Understanding Tax Deductions: Itemized vs. Standard Deduction
A tax deduction reduces your taxable income and how much tax you owe. You can itemize your deductions or take a fixed amount with the standard deduction.
8 months ago
Tax Deduction Tips
Hairstylists can be included in the No Tax On Tips but you need to check all these boxes to qualify ⬇️ (This is for employees and self employed) ✅ Your service/retail and tip income are clearly separated 🚫 They can not be lumped together ✅ You can’t make more than 150k filing single or 300k filing joint 🚫 if your income exceeds this, you can’t take the deduction ✅ Tips must be voluntarily given 🚫 If you require gratuity, you can not take the deduction ✅ Your income exceeds the deduction 🚫 Yo
0:56
Hairstylists can be included in the No Tax On Tips but you need to check all these boxes to qualify ⬇️ (This is for employees and self employed) ✅ Your service/retail and tip income are clearly separated 🚫 They can not be lumped together ✅ You can’t make more than 150k filing single or 300k filing joint 🚫 if your income exceeds this, you can’t take the deduction ✅ Tips must be voluntarily given 🚫 If you require gratuity, you can not take the deduction ✅ Your income exceeds the deduction 🚫 Yo
FacebookKristen.Lumiere
6.4K views2 weeks ago
119K views · 1K reactions | CA V. Anil Kumar - Tax Deduction Tips in Telugu | Income Tax filing Tips in Telugu | SumanTv SumanTV Money #sumantvmoney #caanilkumar #taxdeduction #incometaxfiling | Sumantv Money | Facebook
8:09
119K views · 1K reactions | CA V. Anil Kumar - Tax Deduction Tips in Telugu | Income Tax filing Tips in Telugu | SumanTv SumanTV Money #sumantvmoney #caanilkumar #taxdeduction #incometaxfiling | Sumantv Money | Facebook
FacebookSumantv Money
2.1B views1 week ago
Working Americans & senior citizens will finally get tax relief when they file this year: a bigger standard deduction, an expanded Child Tax Credit, restored State and Local Tax Deduction, social security tax refunded & no taxes on most tips and overtime! | U.S. Rep. Nicole Malliotakis
0:54
Working Americans & senior citizens will finally get tax relief when they file this year: a bigger standard deduction, an expanded Child Tax Credit, restored State and Local Tax Deduction, social security tax refunded & no taxes on most tips and overtime! | U.S. Rep. Nicole Malliotakis
FacebookU.S. Rep. Nicole Malliotakis
17.9K views3 weeks ago
Top videos
Standard Deduction 2025 and 2026: Amounts, Exceptions, and Who Should Itemize
Standard Deduction 2025 and 2026: Amounts, Exceptions, and Who Should Itemize
kiplinger.com
Nov 4, 2022
Understanding the Foreign Tax Deduction: Benefits and Examples
Understanding the Foreign Tax Deduction: Benefits and Examples
investopedia.com
Sep 28, 2020
A typical example of how a $6K tax deduction for sr citizens can help save them on taxes | Nel Perez CPA
0:15
A typical example of how a $6K tax deduction for sr citizens can help save them on taxes | Nel Perez CPA
FacebookNel Perez CPA
57.8K views1 month ago
Tax Deduction Calculator
Easiest 20% QBI Deduction Calculator: Updated 2023 & 2024 - Internal Revenue Code Simplified
Easiest 20% QBI Deduction Calculator: Updated 2023 & 2024 - Internal Revenue Code Simplified
irstaxapp.com
Jan 1, 2024
Standard vs. Itemized Deduction Calculator: Which Should You Take? - Blog
Standard vs. Itemized Deduction Calculator: Which Should You Take? - Blog
intuit.com
Feb 7, 2024
Section 179 Deduction Calculator - Internal Revenue Code Simplified
Section 179 Deduction Calculator - Internal Revenue Code Simplified
irstaxapp.com
Jan 26, 2019
Standard Deduction 2025 and 2026: Amounts, Exceptions, and Who Should Itemize
Standard Deduction 2025 and 2026: Amounts, Exceptions, and Who S…
Nov 4, 2022
kiplinger.com
Understanding the Foreign Tax Deduction: Benefits and Examples
Understanding the Foreign Tax Deduction: Benefits and Examples
Sep 28, 2020
investopedia.com
A typical example of how a $6K tax deduction for sr citizens can help save them on taxes | Nel Perez CPA
0:15
A typical example of how a $6K tax deduction for sr citizens can help …
57.8K views1 month ago
FacebookNel Perez CPA
Top 22 1099 Tax Deductions (And a Free Tool to Find Your Write-Offs)
Top 22 1099 Tax Deductions (And a Free Tool to Find Your Write-Offs)
Dec 3, 2019
keepertax.com
Income tax bracket calculation
Income tax bracket calculation
3 weeks ago
exceljet.net
Know These 7 Above-the-Line Tax Deductions
Know These 7 Above-the-Line Tax Deductions
Mar 5, 2019
US NewsSusannah Snider
MSN
MSN
Nov 10, 2023
MSN
11 Tax Deductions You Can Claim Without Itemizing
Sep 15, 2023
MSN
17:25
Income Tax Calculation - Advanced Excel Training
13.8K viewsFeb 13, 2019
YouTubeStart-Tech Academy
7:18
Standard Deduction Explained (Easy To Understand!))
70.1K viewsJul 31, 2020
YouTubeOn Cash Flow
11:58
Payroll Deductions in QuickBooks
40.3K viewsDec 29, 2012
YouTubeIATB Group
3:31
Navigating Tax Complexity: A Comprehensive Deductions Guide
11.8K viewsOct 29, 2018
YouTubeiitutor.com
5:53
Tax Deductions vs. Tax Credits
90.5K viewsMar 20, 2015
YouTubeEdspira
7:26
How to Claim Tax Deductible Charitable Donations
50.9K viewsDec 16, 2020
YouTubeLYFE Accounting
17:59
Self Employed TAXES Explained & Self Employed TAX TIPS (tax retur…
116.6K viewsJan 22, 2021
YouTubeFinancial Awareness
13:53
How to Calculate Federal Income Tax
49K viewsMar 20, 2015
YouTubeEdspira
9:48
How to Fill out Schedule SE (IRS Form 1040)
62.4K viewsDec 26, 2019
YouTubeFundera by NerdWallet
15:28
Top 10 Tax Write Offs for Rental Property: 2025 Deductions
227.4K viewsMay 7, 2021
YouTubeLYFE Accounting
11:09
How Do Itemized Deductions Work? Tax Write Offs Explained
10K viewsMar 9, 2020
YouTubeJustin V. Conroy
3:30
Tax deductions introduction | Taxes | Finance & Capital Markets | Kha…
255.9K viewsApr 11, 2011
YouTubeKhan Academy
19:38
15 Biggest Tax Deductions For New Business Owners
213.9K viewsJul 5, 2021
YouTubeKarlton Dennis
12:10
What are Tax Write-Offs? Tax Deductions Explained by a CPA!
262.4K viewsJan 13, 2021
YouTubeLYFE Accounting
14:28
Using Excel spreadsheets to track income, expenses, tax deduction…
84.8K viewsJun 12, 2017
YouTubeAll About Planners
4:58
How to fill out IRS Schedule E, Rental Income or Loss
28.2K viewsAug 13, 2018
YouTubepdftax
18:43
14 Biggest Tax Write Offs for Small Businesses! [What the Top 1% Wri…
1.3M viewsOct 21, 2020
YouTubeLYFE Accounting
16:43
THE BASICS OF PHILIPPINE TAXES | PHILIPPINE TAX TYPES | Philippi…
148.8K viewsMar 28, 2021
YouTubeCharm de Leon
9:56
Home Office Deduction Explained: How to Write Off Home Office Exp…
78.4K viewsJan 28, 2021
YouTubeLYFE Accounting
4:05
What is Taken Out of My Paycheck? Paycheck Deductions + Payroll Ta…
49K viewsNov 3, 2020
YouTubeJetstream Rebecca
5:55
Deduction vs Tax Exemption vs Tax Rebate 2021 | What is Tax Deducti…
21.2K viewsMar 27, 2020
YouTubeET Money
See more videos
Static thumbnail place holder