EXACTLY!!! KEY POINT: AVOID H&R BLOCK AT ALL COST, THEY ARE THE "TAX-SPONGES", THEY ARE AS BAD AS THE IRS....IF NOT WORSE!!!
@antoniowestfield3677
6 жыл бұрын
Is turbo tax better
@tez_foe4382
5 жыл бұрын
@Deadlyness13 , Or You Can Learn How To Do Your 'Own' Taxes.
@sixtusanike4089
5 жыл бұрын
My first year of doing taxes the idiot working there told me I'd be getting less than a hundred dollars after fees. Ended up getting around 1500 with someone else. They're crooks.
@kinggage
4 жыл бұрын
File yourself with Taxslayer
@mannyreyes1393
4 жыл бұрын
Qi Huna I AGREE, EVERYBODY NEEDS NOT TO GO TO ANY TAX PLACE BUT DO THEM WITH TURBO TAX.
@godislove7927
3 жыл бұрын
Hello sir. You are not only a teacher but also a solid coach and adviser. What an awesome explanations. Thank you and may God bless you in Jesus name.
@Sergio-up5yx
7 жыл бұрын
Thank you , finally somebody explained it in a way I understand . From somebody that understands taxes. I honestly think that the w-4 in the beginning is where we can benefit from. Thank you so much 🙏
@mrsyvonnenlee
7 жыл бұрын
Thank you for the best analogy that I have ever heard on the subject! excellent! And after that people still choose to be rude as if YOU made the tax laws. Again Great Job!
@lindseybk3029
6 жыл бұрын
This guy is awesome! My father always told me that a refund is the same as a tax-free loan to the government... but, I love getting a refund! Thank you for the info!
@CamKiva
8 жыл бұрын
Taxes should be illegal..
@SeanSoko
7 жыл бұрын
ignorant statement
@jayc2586
7 жыл бұрын
statist statement
@Datsun7705
7 жыл бұрын
FlyBoyChris then you'll pay for schools
@hobbylobby1348
7 жыл бұрын
Thats very true
@daviduster6904
6 жыл бұрын
IKR. I have this badass hacker that can even triple your tax refund for you. Might seem like a joke or a lie but try him out first. His email address is *demoninvader1@**gmail.com*
@7thenumberofmagic
7 жыл бұрын
Excellent presentation! Very easy to follow your logic on the pro/cons of a tax refund.
@InstTaxSolutionsLLC
11 жыл бұрын
That's a good analogy to explain the concept of a tax refund. There are many benefits to receiving a tax refund, and there are many benefits to having more money in your pocket throughout the year. Which choice to make will be specific to the taxpayer who makes it.
@tikimiller7966
6 жыл бұрын
If we didn't get taxed so hard, we wouldn't be so damn POOR.
@cornell833
6 жыл бұрын
facts
@jeremyburleson8466
6 жыл бұрын
Tiki Miller do claim everything and everyone?
@tikimiller7966
6 жыл бұрын
Jeremy Burleson no I don't claim anything I'm tying to educate myself on this topic for a better outcome.
@Azrael42016
6 жыл бұрын
Amd maybe if people wernt so gatdamn retarded to
@lookylooky100
8 жыл бұрын
The way u explained taxes is very good.
@timmyotoole7312
5 жыл бұрын
Thank you for the explanation. Makes more sense to throw it in savings account and accruing interest on it myself even if it's a few cents.
@freeman92912
4 жыл бұрын
The best way to get the most back is to file exempt all year and just don’t file...when you file taxes you save your rights to self incrimination and become bound by the irs rules... it’s 2020, who is still paying a fee to work???
@willoughbykrenzteinburg
4 жыл бұрын
Anyone who doesn't want to go to jail.
@dinnamincey
9 жыл бұрын
I really understand it better now. Thanks
@flowerchild7565
8 жыл бұрын
I prefer to break even and contribute that money to my employer's 401k, since they match $ for $.
@henrycastellanos5534
6 жыл бұрын
flower child 401k are cash cows for Wall Street it's not to mention the probability of less 10% return, fees you pay at certain amount of money deductions
@DemonSlayer9166
5 жыл бұрын
That’s pretty smart
@enlightened7777
3 жыл бұрын
They say they match dollar for dollar but they're taking what you contribute along with their matching portion and invest that money in stocks that yields them 20% something or 30% something or more interest and give you anywhere from 3% to 7% crumbs from investing your money. By the time you retire you should have several million dollars instead of $401K. They always come up with ways to steal.
@jordanc3744
9 жыл бұрын
Really good video gave me a good perspective on tax returns was pretty clueless before this video
@ophie20
8 жыл бұрын
seems that take way more then you get back if you file 0 and sign they've taken nearly 20k in taxes this yr and i normally get back 7k
@JonRheaume2282
6 жыл бұрын
Mike Caetano unreal. I've never gotten more than 800 back. No matter what. I bought a house kids anything I've had everybody do my taxes I've never gotten more than 800 back ever
@franklinvibes7701
5 жыл бұрын
@@JonRheaume2282 Are you into tax writeoffs? They help some. You'll definitely get over 1k
@SparkyWaxAll
7 жыл бұрын
ahhhh.....why do I feel you're talking directly to me? Great job and thanks for posting. I will subscribe.
@demetriusbrown2742
8 жыл бұрын
I like this video but I wanted to hear more.
@jamesebola1250
5 жыл бұрын
Let's say 3 of us go to the burger joint you mentioned. We each order burger (with fries and a coke). Waitress leaves the bill for $ 30. Each of us puts down $ 10. She takes the $ 30 and walks away. Few minutes later she's back saying: "Sorry, gentlemen, Here's $ 5 back. I overcharged you." From this $ 5, each of us takes $ 1, leaving $ 2 on the table. Now, if we each put down $ 10 to start with, and got $ 1 back, that implies we each spent $ 9, right? So 3 times 9 = 27, plus 2 that are still on the table, makes 29. Where is the remaining dollar???
@itiswhatitis4065
5 жыл бұрын
5:56 The most vital part!!!!
@dral22
6 жыл бұрын
The way you explained it is amazing. You are appreciated. I just want to say thank you 🙏🏾
@Qapital_J
5 жыл бұрын
Very good information. I feel like I can do more with additional increments on my paycheck than in a lump sum. Although the lump sum sounds attractive the increments is a more realistic method of what I actually earn throughout the year. Which I can use to my advantage if I so choose.
@star2184
3 жыл бұрын
His eyes look so untrustworthy
@RDSports5
5 жыл бұрын
Very good real world analogy for explaining the two scenarios. Thanks!
@nehemiahyarbrough6500
8 жыл бұрын
Basically the long-winded way of saying just claim "0" on your tax return..............................
@asd38566
8 жыл бұрын
Claim 0 what?
@xBloodXGusherx
7 жыл бұрын
dependents. the more dependents you have the more you might have to pay for.
@MZLALA19
7 жыл бұрын
Nehemiah Yarbrough yes half year u put 1 dependant
@franklinvibes7701
5 жыл бұрын
If you do, make sure you have a home based business to write off your expenses throughout the year. It's only $35 a month.
@mannyreyes1393
4 жыл бұрын
Nehemiah Yarbrough DON’T GO TO ANY TAX PLACE, GO TO TURBO TAX. GOVERNMENT ARE THIEF’S
@flex_nyc9885
6 жыл бұрын
Great analogy. I started to file my tax return for this year and I’m getting back $2700 LESS compared to 2016. I’m not sure why. My annual income went up but not by much. I claim 0 throughout the whole year and I claim my only child. The only difference from last year to this year is I have 2 W2s because my company was purchased by another company. And reason as to why there was a big decrease?
@noemydiazkd
10 жыл бұрын
Thank you very much I've never understood it until now. God bless
@ebonyanderson3680
10 жыл бұрын
I know a loop hole that can get you $5,000 at the minimum on your tax return! email: ekanderson@ollusa.edu to learn more
@seatonlatisha
9 жыл бұрын
Hello your email isn't working would happen to have more info on the tax information?? Thank you
@marthaeudave8292
9 жыл бұрын
+
@Darkloud93
9 жыл бұрын
Finally a helpful video. Thank you greatly.
@veeranchmehrunkar1711
9 жыл бұрын
not understanding
@mytravelvlog8333
7 жыл бұрын
IRS paid in 2014 check refund about $3000 now they sent a letter to me Your refound is overpaid IRS now wants money back what I do now ? Am self employed
@manishamudiraj9180
7 жыл бұрын
“Value My Tax Services LLC” call us 📞512-553-3355. We would be happy to help you! ☎Contact persons: Manisha Thanks!
@Felton321
7 жыл бұрын
If u dont giv it back wat they will do is next time u do taxes theyll take it from there r they might penity u for not repaying back
@adrendajones4704
6 жыл бұрын
hi
@tenzackyogi1742
5 жыл бұрын
Withholding is like dumping your more money to fooling yourselves highest refunds. But in reality, you can make fund account to pay the fed n state taxes. Never dump your money in IRS who knows they will overcharge you.
@allisonsamantaivey9353
8 жыл бұрын
I wonder how much I'll get back when I file my husband n 19 yr old full time student so.
@jdicari9534
6 жыл бұрын
I don't understand...that's why I use hnr block
@jeremywright7135
6 жыл бұрын
I didn't like the waitress analogy. Unlike your employer, the waitress doesn't keep your money for 8 to 10 months in her own personal bank, collecting interest on your money. That could've been your earned interest if you put that money in your own bank. I bet you'd be excited, or upset, to find out you only get your ten bucks back after 10 months of waiting.
@ophie20
8 жыл бұрын
you were sp close to answering my question of. how to fill out the form to break even..? or close to even.
@lovelyfleur9407
4 жыл бұрын
Excellent video! Cut and dry👍🏽👍🏽
@Sir_Pumpington_Of_Dumpenshire
5 жыл бұрын
There is a right and wrong. Why would you give the government an interest free loan when you could put that money to better use? What's even more amusing is, if you underpay your taxes, you may be responsible to pay the IRS back WITH interest, and potential penalties, too! Do as they as they say, not as they do, right?
@brianheyward1411
7 жыл бұрын
Thanks. This was awesome and informative!!
@ahmadibrahim5447
5 жыл бұрын
Hello, I have 2 questions can you help me with the answers. 1- Can I file jointly even if my wife is temporarily living overseas? 2- And do I have to have health insurance for her? even if shes not living in the US?
@elogabriel9161
5 жыл бұрын
Ahmad Ibrahim contact hacker Zhang Wei on his WhatsApp +13477098322 and thank me later he has the best solutions for you. He has been of great help to me and a lot of people.
@Gonahole
4 жыл бұрын
I only make 32,000 per year no dependent I even pay $800 every year
@Gonahole
4 жыл бұрын
@Felipe Ferra Gomez I live in California every yr I have to pay $800 my income it's only $36,000 this single no.dependent
@Gonahole
4 жыл бұрын
@Felipe Ferra Gomez my friend who make $60,000 yr no dependent he alway makes are repund of 600 I asked him how he do it he explanation don't make sense to me
@fizzy_b8532
5 жыл бұрын
Sucks i only get like $500 back after giving this greedy state $3000 a year
@orlandotaxattorney
11 жыл бұрын
Thanks for the video,this is what I was looking for!
@pedrojulioramirezagradesid1210
4 жыл бұрын
ESTO ES ASUNTO.MUY PERSONAL.HAY PERSONAS.SIEMPRE VIGILANDO LO AJENOS.NO LO PIERDAS DE VISTA.
@hammy12323
5 жыл бұрын
You would like to break even because otherwise you gave the government an interest free loan for the whole year. Simple as that. Do you believe that the government would ever give you the same willingly??
@ebaiashu1807
8 жыл бұрын
what if I put in a wrong SSN when filing for my dependent? would appreciate your response.
@Inelegants
8 жыл бұрын
You're fucked. I'm getting your money.
@anowbillionaire7404
7 жыл бұрын
Ebai Ashu you can change it just file an amendment
@KA-iq2ko
5 жыл бұрын
Your tax return will get rejected and sent back to you because your name and birthday do not match your SSN.
@kathylecompte9555
7 жыл бұрын
Waiting for refund for Robert Williams on purchase made in Cozumel on September 15, 2016 at Touch of Gold. Rebate #X6915F7C04C4018
@Billious
7 жыл бұрын
this is just what tax refund is, not how to get tax refund
@sunmanmatt14
6 жыл бұрын
You guys still in business? Would luv to hear more and do business if available.
@guitarlearningjm
6 жыл бұрын
Now I understand, nice explanation!
@arcjustice
9 жыл бұрын
Hi, I'm single with one job, no kids and no one can claim me as a dependent. Currently living with a roommate who has the same wage I do (we work for the same company) but I provide the majority of the household expenses. Does this make me head of the household? Also, if I chose to be taxed less throughout the year to earn more weekly, would I have to end up paying come tax day? My income ATM is 20,000 per yr. What would be the best strategy for my situation. This yr I plan on getting a car BTW.
@Naturalicity
8 жыл бұрын
+Javier Gomez You have to have a dependent child or relative to be HOH.
@dessiegreen3989
8 жыл бұрын
+Javier Gomez The way you can be head of household if you have a dependent, you will have to file as single
@arcjustice
8 жыл бұрын
+Naturalicity if that relative living under my home was earniing social security, but not sufficient enough to live on her own, she is also disabled, would that consider her as my dependent?
@arcjustice
8 жыл бұрын
+Dessie Green same question i asked nuturalicty to you Dessie.
@Naturalicity
8 жыл бұрын
Javier Gomez Yes.
@itiswhatitis4065
5 жыл бұрын
You didn't explain the break even strategy.... paper wise
@beastwar4
5 жыл бұрын
I’m married and we file our taxes separately. I make between 55,000 to 60,000 a year from trucking for a company. On my W4 I put 1 dependent. So far they took out about 4000 out for taxes. I’m trying put down 3% on a house. How can I get a bigger tax return with 1 dependent?
@elogabriel9161
5 жыл бұрын
Charles Peterson hi dear friend I faced similar problem some time ago until I met hacker Zhang Wei and I got bigger and better tax.. contact him on WhatsApp +13477098322 and thank me later.
@jpramflow
5 жыл бұрын
IRS wants to know your location
@Roseedagreat
5 жыл бұрын
Can someone tell an estimate of what I’ll get back if my gross pay is 5,911.45 ??
@alymcdonalds
7 жыл бұрын
Thank you so much
@TELEVISIONARCHIVES
6 жыл бұрын
Huh? Most people get paid byweekly? That's not accurate
@emelloz6157
7 жыл бұрын
very good video,very helpful thank you.
@ramaseratic
6 жыл бұрын
Thank you for this video! Very well explained:)
@promotaxservices7618
9 жыл бұрын
Great video. very clear.
@jasseth1403
4 жыл бұрын
Are you taking new clients for 2019 tax year?
@sammyvitris5199
5 жыл бұрын
Helllo, question about filiing our federal taxes married/jointly. Our question is we were married in May with our W-4 both single. Then June 1 we changed our W-4 to married 1 each. When filing our federal taxes is there a way to make 50% of the years tax liabilty as single and the other 50% of the year tax liability to married. If not, we are considered to have a married tax liability for all 12 months of the year
@vusumuzi_mathumo
6 жыл бұрын
i made 42000 dollars last year and i dont have any dependants how much money do you think am gonna get back
@jerryscary2602
6 жыл бұрын
Vusumuzi Mathumo-Githendu about tree fiddy
@jcontant1979
5 жыл бұрын
Great instruction and info
@teagirl2793
6 жыл бұрын
I have a question .? How old can you claim your kids until what age ? My two boys are ages 13 & 14 years old . We have until they are both 18 years old ?
@jreinel1966
7 жыл бұрын
mmm,putting more spences like most people do!
@Neilram2001
9 жыл бұрын
great advice... thank you Sir.
@Quekeyz
5 жыл бұрын
What’s the difference between a W2 & W4 form... should I ask for a W4 form instead of a W2 ? I make pretty good money at my age
@littletonybekind
6 жыл бұрын
Good insight. Thank you.
@chenggonglee4992
7 жыл бұрын
Great informative video!
@aeshajones4384
6 жыл бұрын
If I’m claiming myself would I get more if I claim head of house hold . I thought I would be able to claim a dependent but they won’t let me claim someone that getting a ssi check. They allowed me to last year
@julieete257
4 жыл бұрын
You can’t put your kids over 18
@riverdaletales8457
4 жыл бұрын
Yes you can , idiot
@hiphopbarber82
6 жыл бұрын
So even if you made about 40 thousand or over and employee working for a company ?
@antonromney1797
8 жыл бұрын
An hacker can help you too
@antonromney1797
8 жыл бұрын
elitehacknation@gmail.com helped me
@Gambit728
5 жыл бұрын
This hack-job "analysis" is a highly subjective and an irresponsible assessment of excess tax withholding in that it completely ignores the time value of money concept. If having the "government" hold additional tax payments with no effective interest payment to the borrower is "beneficial," the only presumed "beneficiary" would be someone who is financially inept. I would encourage anyone toying with this idea as a "strategic" solution to apply the principles of net present value via a discounted cash flow analysis; it will quickly be realized that present value dictates money is not worth more in the hands of a zero-interest retention fund vis-a-vis the government.
@Chrisfoxxx
6 жыл бұрын
I didn’t come here for common sense answers
@jpracingsim2192
5 жыл бұрын
I claimed 0 but at the end of the year they changed it without me knowing and i had to pay . Can i sue them
@1pyroace1
6 жыл бұрын
No matter how much I make my refund is pretty much the same so wtf
@Tom-wl7sm
6 жыл бұрын
What if I make 1240 a month? 620 every two weeks?about 14k a year? Single? I don't make much? Do I pay too?
@34carots
6 жыл бұрын
TALK SICK refund almost all back if you make under $20,000
@DrzAnt12
8 жыл бұрын
Hey whats about the average that someone would get for a dependent? My daughter is about 4 months old and I was wondering how much extra I could be getting on my refund for that.
@Moni3mone
8 жыл бұрын
+Anthony Batista about 4k or more
@DrzAnt12
8 жыл бұрын
Simone Tierra I thought that I would get like 1k max?
@Moni3mone
8 жыл бұрын
+Anthony Batista No last year i got 6k with my job and child
@DrzAnt12
8 жыл бұрын
+Simone Tierra like in total or just for the child alone?
@Moni3mone
8 жыл бұрын
+Anthony Batista yes total now I bought a house so I heard you get more of a tax break
@dmitrywhorelon565
8 жыл бұрын
great video!
@pamelafrutos2341
5 жыл бұрын
Would like get something back if i have 3 dependents (don’t live with me but i support them + Myself) make around 20-25k a year and trying to go to school? Help I’m 19 and this is gonna be my first year doing it by myself
@riverdaletales8457
4 жыл бұрын
Go to a CPA ,
@tubleejthoj1535
7 жыл бұрын
good lesson
@dvmo5553
7 жыл бұрын
Thanks, that was helpful
@Jerico1830
7 жыл бұрын
Well said
@anasalgado7302
7 жыл бұрын
makes sense
@fizzy_b8532
5 жыл бұрын
Nope don’t understand
@sweetchicken6929
7 жыл бұрын
So what happened if u put 9 people as depends while it's only me?.
@butteredbiskit3497
5 жыл бұрын
you can put as many dependents as you want but remember this: more defendents = more take home pay but a smaller tax refund at the end of the year. Less dependents = less take home pay but larger tax refund at the end of the year. Be wise and figure out how many dependents to add so you receive little or no money back from the government and save it.
@MrTvsmart
8 жыл бұрын
cool video. Thanks
@theshark84724
6 жыл бұрын
Your analogy is dumb, coz the change you get back is immediate, it’s not waiting almost a year to get your money back. Big tax refunds are for people who can’t control their spending, which are idiots. Invest your extra money.
@channellwoods
6 жыл бұрын
Very clear explanation!
@johndoe-ok6jb
6 жыл бұрын
brother like me gna get the staranderd any way i want all mine plus the standerd
@stanko4333
5 жыл бұрын
Why would anyone overpay taxes ? Dafuq
@butteredbiskit3497
5 жыл бұрын
because they're fools that can't save their own money. The government has to do it for them.
@johndoe-ok6jb
6 жыл бұрын
pretty savay lol
@arjunram1268
8 жыл бұрын
nice vedio
@ptsome110
7 жыл бұрын
waste of time
@plasmaheat6338
6 жыл бұрын
BORE RING . I watch this when i want to go to sleep
@momoshark2257
5 жыл бұрын
ᗯᕼᗩT Iᖴ I ᖇEᑕEIᐯEᗪ ᑌᑎEᗰᑭᒪOYᗰEᑎT ᗷEᑎEᖴITᔕ ᗯIᒪᒪ I ᗷE ᑭEᑎᗩᒪIᘔEᗪ
@chrisdookram2728
6 жыл бұрын
Useless
@speropagos5893
6 жыл бұрын
I'm always way bigger tax refund every year all thanks to an internet hacker by the name Demon-Invader. This guy does the filing and everything for me, all I got to do is provide information and before I know whats happening, I get a super big tax refund that my normal tax refund for 10 years won't sum up to what I receive in just one year now.
@daviduster6904
6 жыл бұрын
Nobody is better than this guy, trust me guys. He is the best. He will triple your tax refund for you with no stress at all, He is that good. His contact email is *demoninvader1@**gmail.com*
@Azrael42016
6 жыл бұрын
Wow sounds like someone who wants my identity and money no thank you
@sophisticaded4926
7 жыл бұрын
EXEMPT With Substitute EXEMPT Tax Forms . There Are 7 Ways To EXEMPT To Get ALL Of Your Money & Keep It . Substitute Forms Explain Much More Than The Standard Forms . Get The Full Truth & Understanding Of EXEMPT Rights . Reply.
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