How to Avoid Taxes Legally in The US (Do This Now!)
HTML-код
- Опубликовано: 3 июн 2024
- Join our EXCLUSIVE Investing Community at: ClearValueInvesting.com
GET 3 FREE STOCKS when you open up a stock account here: a.webull.com/i/ClearValueTax
The best way to support our channel is to share this video on your social media to spread awareness. We appreciate the support!
Investing Mistakes to Avoid: • Investing Mistakes - W...
Investing Tips for Beginners: • Investing Tips for Beg...
Understanding Stocks and Investing: • Understanding Stocks a...
Taxes on Stocks Explained: • Taxes on Stocks Explai...
Common Stock Terms: • How to Read Stocks for...
Dividend Stocks Explained: • Dividend Stocks Explai...
How to Bet Against Stocks: • How to Short Stocks - ...
How to Use Call Options To Make You Passive Income: • Covered Call Option St...
This is our TurboTax Link for your tax preparation needs:
www.anrdoezrs.net/click-10015...
ClearValue Tax and affiliates and related parties do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
This post may contain affiliate links that at no additional cost to you, I may earn a small commission. Thank you for your support!
Legal Disclosure: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!
![TRASH or PASS! Eminem ( Houdini ) [REACTION!!!]](http://i.ytimg.com/vi/cB1WrZcMwMc/mqdefault.jpg)
![14 Biggest Tax Write Offs for Small Businesses! [What the Top 1% Write-Off]](/img/1.gif)
Join our EXCLUSIVE Investing Community at: ClearValueInvesting.com
GET 3 FREE STOCKS when you open up a stock account here: a.webull.com/i/ClearValueTax
Finally something for the 99%
@Z Malek It's not like he's claiming he's broke dudes just trying to help. I don't see the issue.
Hahahahha😂
Agreed
Be proud of you laziness and poverty! 😅
@Z Malek Anyone making under 400k is in the 99%.
No gaping mouth thumbnails, no misleading click bait titles. Just clean cut professional getting straight to the point and providing me with valuable information. You sir have earned a sub.
Haha “gaping mouth thumbnails” it’s true
No - the title is very click-baity. It reads as avoiding all taxes.
And it’s best watched at speed 1.5. Because he has put a lot of effort into making sure the video is 10-12 minutes long. Which is another trick similar to clickbait.
@@joshuaborem7063 lol my default for informational videos is 1.75 i didn't even notice but good catch
@@joshuaborem7063 If it's clickbaity but technically correct, that's still legit
Abolish the IRS.
You'd have to get rid of the FED, they go hand in criminal hand.
Why do they think we left Britain.
You should do this every tax year to keep the community updated 💪
Just watch it every year
@@SaimesierP life changes and so do laws
I think you mean it would be great if you repeated this video yearly.
RUclipsr dont owe you anything
@@hamster6093 and you'd be right to say that, but it does not need to taken so rash clearly people like these videos and are asking for more nothing has to be done it's just a request
Brian. You are the financial father I never had. No one has taught me more than you have. I have read books, ect. I have learned more from you than anyone. I can not thank you enough.
Ha! Gayyyyyyyyyyy
His the financial Bruce Lee!🥋
Thats good way to put it. Agreed
@@vcash1112true😂 kicking 🦵🏽 tax and taking names
I simply love people with zero BS that goes straight to the point and get sh** together
Thank you sir
Hello Friend 👋if you haven’t filed your tax this year and you need some help in guiding you through on how you can file your tax refund up $20k- $100k
Message me on Telegram @jessicaharris13
Sir, you are, and I am not being hyperbolic, literally the ONLY financial RUclipsr I have personally come across that’s legitimate. Professional, providing valuable information, and not misleading. You’ve got a subscriber in me! Thank you.
there are in fact other legitimate ones, you just have not come across them yet. Many many independent, licensed, permitted, college degreed financial advisors are having their own youtube channels these days, as a means of advertising their services and educating people. That does not negate your opinion. Nor does it cancel out your right to your opinion on the matter. I am simply typing, without hyperbolization and without any all caps lock typeage, that there are, in fact, other and varied actually legitimate finance tubers out here on the tubes, covering various aspects of personal finance, whether tax or investing or entrepreneurship or estate and trust planning or legal tax avoidance tactics, et cetera, et cetera.
also, an ALL CAPS STATEMENT OR WORD, TYPED IN A COMMENT OR TEXT MESSAGE, IS ALWAYS HYPERBOLIC😅 regardless of if you intend it so, or not.
@@nozrepDo you understand the part where they said “that I have ever personally come across”?
They didn’t say they didn’t exist.
Why everyone is so agitated over inflation and inflation data baffles me. Inflation has always existed, and individuals have used investments to combat it. For example, the stock market return always outperforms inflation. I heard of someone who invested $121k in October of last year and increased their portfolio by more than $400k. I'm looking for recommendations that will provide similar return.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $200k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
True. I first came across investing in the market in 2019. Already stashed about $460k in savings then, and the free money from the Government was pouring in, increasing inflation rate. I just got an advisor and kept the money there, just because I didn't want to keep the value of the money depreciating in the bank. Tbh, it's the best investment decision I've made since then.
@@ThomasHeintz I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.
Elise Marie Terry is my portfolio-coach, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself.
@@ThomasHeintz Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Literally the only financial RUclipsr I trust these days
Facts
Would recommend the money guy show also
yup thee only legit one. hope they dont come for him for giving good info
His information is straight to the point with no side gimmicks like other channels
@@_Bucky Yep he doesn't make dumb thumbnails where he looks like he crapped his pants
This is something the IRS will never want you to know. Appreciate your very knowledgeable videos Brian.
They are all common knowledge for anyone paying attention. Nothing new...
The IRS encourages you to use every legal route to lower your tax liability. The tax laws are made with this in mind. They are encouraging behaviors like investing in stocks, holding for longer than a year, opening retirement accounts, using employer health spending accounts etc. The incentive to do those things is lower tax bills.
It's not that they don't want you to know, it's more of the responsibility of the taxpayers to take advantage of the rules accordingly.
CPA here, everything in this video is very basic tax strategy. Congress implemented these rules with the goal of helping average Americans. There are no secret loopholes here lol.
@@QDogg Exactly. For those complaining about too much tax generally it is because they didn't take the time to know the rules.
Brian, as a self-employed entrepreneur, in this country there’s a saying I ALWAYS tell my business associates and that is…It’s not hard to make money in this country, it’s hard to keep it!
I think that your tax saving tips are outstanding, but I would have liked for you to have included the many advantages of being self-employed and especially the many tax advantages there are when investing in Real Estate. After all it’s not just about lowering your taxes but also about building assets. Doing both is dependent on having/knowing the correct information to legally use the system of IRS regulations to your advantage.
Brian is a true man of the people. You are much appreciated, my friend.
I am ardently of the opinion that the IRS does not deserve any of my money.
Why do I need to pay taxes well y'all proceed to complain the roads aren't good, snow isnt plowed on time, no public-school teachers available, no free college, no free health care...I can keep the list going. I can expand on this issue bcuz I was in public service and saw firsthand idiots who don't support proper tax allocations. But then people are openly donating to politicians who actually move the tax money around to favor themselves and the private corporations backing them. At the end of the day y'all just played yourselves.
Because you and I both know that the majority of our taxes don't actually do any of that crap. It all either gets wasted on stupid projects that don't actually accomplish anything that was set out to do, gets spent on the administrative costs of a copiously bloated bureaucratic system, or is used in $1.7 trillion 5000 page omnibus spending bills that no one asked for which *somehow* end up making the crooks and criminals in DC richer because most people don't grasp how much of a stranglehold lobbyists have on that god forsaken place.
So yea, unless the people actually start getting some real representation from our government I do not believe they deserve a single dime.
@@monkeypolicd the problem is those in charge of our tax dollars make sure the majority goes to them, their friends, families (in forms of contracts etc) and back to their party. People don't even have to donate to these idiots directly because we are paying into a corrupt broken system that's why people are sick of it. And its on all sides of the board. Decent politicians and government officials don't exist. Money and power corrupts them all even if they started out with great intentions.
@@monkeypolicd So the idea if people pay more we benefit more is nonsensical. They just pocket and waste more!
@@tiffytatortots1278 exactly!!! How about a couple billion more to the Ukraine? 🙄🙄🙄 Pocket change right? Not like people aren't struggling here in the US.
And the Ukraine and our government is extremely corrupt.
I'd love to see a video like this for self-employed people. People who don't have access to many of the benefits offered at larger companies. More specifically, sole-proprietors and single member LLCs.
I own a landscaping business and that would help me out so much !
Agreed! Please do. 🙏🏼
Also agree, this would be really helpful!
As a freelance video editor. I second this!
Best advice for self employed is get a CPA. Will only cost a few hundred a year and they will help you setup the best structure for your specific situation. E.g. going with an S-Corp election is generally a good way to save on taxes, but for some will just add work/expense w/o any real benefits.
The CPA will also keep up on changes and new things as well as now you have someone to talk to the IRS for you if that is ever needed.
Brian!!! We need more respectable people like you that have turned their passion to a new level. I appreciate you! Thank you :)
For some reason as soon as I read the word Brian I thought u meant family guy
"From my perspective, this highlights the importance of having a competitive advantage as investors. Merely mirroring the market strategies of others is insufficient in achieving optimal results. I am currently grappling with the decision to invest in the current market, as it presents both uncertainty and opportunity. Could you share your insights on this matter?
True, we’re only just an information away from amassing wealth, I know alot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides you help?
I just Googled his name and his website came up right away. It looks interesting so far. I'm going to book a call with him and let you know how it goes. Thanks
One thing I did change was my W-4. Found out there was a change a few years ago that made it easier to adjust your taxes if you have a working spouse. Both my wife and I are now taxed at the higher rate. Seriously, if you have a working spouse, make sure you check to see if you indicated this on your W-4, especially if you find you owe money each year and wonder why they are not taking enough taxes out of your paycheck.
Important footnote: Commuter benefits can only be used to pay for Lyft Line or UberPOOL. They cannot be used for regular Lyft or Uber rides.
Thanks for your exhausted efforts in passing knowledge which has most likely benefitted all of your subscribers. May your knowledge & channel continue to grow & flourish into something greater.
HEY MAN IVE WATCHED YOU SINCE THE BEGINNING OF THE START OF COVID BACK IN EARKY 2020…. You came way up brother I’m so happy for you man!!!!! I remember watching you give us updates on the stimulus checks praying they would come… thank you for your reporting man, you’re one of the real ones 🙏
Thank you. It's clear and concise information like this that will help people. If it's too far into the weeds with technical jargon the majority end up unable to properly understand or utilize the information.
Thanks for keeping things simple and to the point. Great advice.
Please do a tax savings for Self Employed 💜
YES!!!
Thats the one i want to know
Yes I'm in , waiting....
+1
Sep IRA, HSA, 529… Spend to grow the business and charitable giving.
Thanks Brian. Somehow your explanation of HSA and FSA in under 2 is far more helpful than any benefit guide was ever able to detail!
Brah! Some employers make those guides so confusing.
I sub at the very beginning of his channel. He is clear cut, uses lamens terms so we can understand, straight to the point, no clickbait, and his info is always verifiable. Thanks again for all your hard work, sir!
Brian: If my advise helps, my only request is to treat yourself or someone else. Better to keep the money then give it to the government.
Protect this man at all cost.
Love your videos. Thank you for all you do.
That was really sweet. I rarely treat myself to anything.
Facts
That statement made me want to give him money 😂
Another EXCELLENT financial tax lesson for the people. You go Brian!
There's more information in this video then any single CPA has ever provided. Honestly it's sad, but thank you for creating content that's to the point and not intended to be manipulative.
Thank you for the content... Several times recently I have searched YT for information on many topics,,, Now when I see your thumbnail I just watch you... No bias, no fluff, just straight, easy to understand information. It's appreciated, take care.
Holy crap, I remember watching you ever single day during pandemic before they confirmed we would get a stimulus check. I still remember the video when you finally were able to tell us that, Yes, the stimulus package has finally passed!!! That was always fun watching you and guiding us through a crazy time
Brian you are appreciated by the people ! We thank you for your service.
Great simple helpful video as always. No stupid thumbnail or nonsense. Love it!
Under 400k per year is like 95-99% of the population. This was the right income range to cover to help out, haha.
Thanks!
Brian, I hope you know how much people actually apperciate you. You dont even have to do these videos but you choose to, your the man Brian.
You are awesome! This is the first video I watch of yours and immediately subscribed. Straight to the point and extremely informative. No gate keeping , keep up the great work!!
Thanks a Lot for this Brian. We ALL Really Appreciate Your Knowledge and Content.
When’s the “how to avoid taxes illegally in the us” video coming out?
That's coming out soon from the "Trump" disorganization. 🤣
Brian, I watch every video you make because you’re one of the very few financial RUclipsrs I trust, I really look up to you.
I remember following your channel when you had less than 50k subscribers. Glad to see your channel's explosive growth. Thank you for providing all this knowledge for the under privileged people. You are doing god's work.
homesty with no BS
Same
I remember too. It was like 2020
under privileged....smh.....living in the US and making enough to owe taxes, you've got it made compared to the global average....little perspective goes a long way my friend.
@@BloominOnion1 and somebody is salty and mad at the world. Get happy.
Wow, thank you so much for this video. I stumbled across it while I was working on my taxes and have business expenses that I'm not always sure are deductible. So very helpful. Much appreciated.
Spread the word about this channel. Straight forward and honest and easy to understand the material being discuss. A channel worth your time spend wisely.
Excellent info. To the point. No scare tactics , just facts. Perfect pace. No lengthy explanations or opinions. Aspects are defined, but no opinion. 5hank you. This helped a lot. I'm sharing this with others. Sadly, a Calif resident.
Brian I just started watching you recently and I just wanted to thank you for being such a genuine and straightforward professional. No fuss no fluff just the facts! 😊I’m going to be going through your list of videos because I need help with growing my wealth to retire early and I’m sure I will find some good info there. Appreciate all the info that you share, keep up the great work and thank you for being a treasure in a world full of junk!
Brian thank you for how you show up for the people. Wishing you all the best!
Been following this guy since COVID, I refer this guy to everyone! Love this guy!
Have learned a lot from you, will continue to support you. Thank you so much !
Brian, thank you so much for this information. I learn something every time I watch your videos. I honestly appreciate you taking the time to make this content.
No BS. Straight to the point. Thank you !!! (So helpful)
Thanks for this video!
I can't say thank you enough Brian. I get shafted every year with taxes and while I'd never try some of the foul tricks others have played to get out of paying their share, I'm glad that now I have the knowledge where I can keep some of my money in my pocket LEGALLY. Thank you!
Outrageous at the lengths you have to go through to be able to keep the money you worked for
Really nice tome to this video. Just information, no sensational claims or dramatization. Great package of items to work on, thank you!
It is very kind of you to do this. Thank you!
Know all these but I have to admit . You are to the point and very detailed
This is a really great video! Thank you for the work you put into this
You are so awesome. I’ve been watching you for a long time now and you get better and better. You really are helping people and you really research to know your things. Much appreciated. As I can see it from the comments everybody appreciates you. Thank you.
thank you Brian from the bottom of my heart , remembering during covid, with your videos regarding stimulus, you are a real human being
Thanks! Good info.
I love all your videos. Thank you for taking the time to educate everyone with your knowledge. Id like to see this video but for small business owners. Like under 500,000 a year small business owners.
I've dealt with the IRS in the past and found them to be relatively fair so long as you are honest and transparent with them. I don't feel like I'm a sucker for wanting to fund government. Being a sucker is to not vote and not get involved with government so that the things they do with my tax dollars are reasonable.
Omg your intro hooked me! I love your disclaimer!
This the only guy I follow because everything he has on his channels checks out 💯 and never let me down so he has my full support!!! ❤
Thank you Brian! I always look forward to your videos. You have a gift at explaining the chosen topic. I learn more from you than I have taking courses.
Informative as always. Thank you, Brian!
Your badass bro I don’t think I got much help for my circumstances, but the fact you say share and help someone out, love is love!
OK, this video is awesome! Thank you for your easy to follow overview. You're one of us.
I don’t know if it’s sad or a proud moment that I knew all that was applicable to me from doing my own self-employed taxes for 15+ years. I used an account ant one year and gained knowledge of an SEP IRA which has higher contribution limits. That was worth it for that one year lol.
When do we have to start paying Tax?
@@goblue6351 Only when you work a job that brings in enough income to require taxation.
But there’s more specifics having to do with age, if you’re filing single or married, if you’re self employed etc.
Thank you Brian, I always wait for your videos because i learn a lot. Thank you for sharing such a valuable information.
Yours is one of the best channels here; thank you!
You’re amazing thank you so much! 🙏🏼🙏🏼
Brian, you always given great advice. Many blessings to you!
Great video thank you for the content. Another thing is property tax! If you own a home and paid your property tax for the year you can use that as a deduction
Dude, thanks for the help. I knew some of these already. You’re awesome man. Thanks for sharing these.
Regarding the 1099-B, more people need to be informed that those with wash sales, especially numerous wash sales, can't just rely on it, you have to report your individual trades.
Crystal clear, short yet informative, awesome video !
Another legendary video with the best information on the streets and all for free!! Thanks for the knowledge, Brian 😎
You are so helpful, very much appreciate the info. Not many would give out free knowledge like you💯
I will definitely look forward to reducing my taxes next year, as I paid more this year than the previous ones. Thank you so much for this video!!!
You always have great advise! Thank you for investing in us!
Thank you Brian🙌🏾🙌🏾
Thanks so much for this video!
Thank you for all you do for us !!! Very helpful info.
You really are a wealth of information! Thank you so much for offering this advice I did learn a couple of things that I will talk to my accountant with.
You provide more information needed for ä successful pathway for all upcoming adults and adults. Keep it up
Subscribed. Thanks
I love it! Brian is teaching us to nickle and dime the irs. The BEST
Thanks Brian. I started taking advantage of using my HSA account to pay medical/dental bills, and purchasing medical related things at the drug store and pharmacy. Be stupid not to.
Brian I appreciate all the information you post! It helps all of us so much! Any chance you could do a video like this for 1099 employees?
good info!
Thank you Sir. Well done.
Now these are the videos that are needed!
I commute 1 hr to work before I used to listen to my music now I listen to you and another guy both of you give so much knowledge I just wanted to thank you for all your advice and let you know I appreciate all the information you give us. Thank you Brian.
Who's the other person you listen to?
Who is the other guy? You mean the random guy?
Omg I honestly thought he would pitch a course, or something. It's so nice to have an honest and straightforward video!
Great info. The Dependent Care FSA was one I hadn't heard of before. I could see that one thing saving us a few thousand a year in taxes for school expenses, babysitters, aftercare, after school programs, and day camps.
It’s not that useful, the contribution limit is $2,000 a year which is less than i pay in a month. Also you can just deduct it when you do your taxes which you’re going to have to do anyway because you can only set aside $2,000 through the FSA
Another issue, is you have to report every dollar you gave and to whom. So unless you want to report your babysitter income (taxes on the cash), out of luck.
@@HartPvit must depend on your employer bc my max is $5k and I save $1500 in taxes
About to graduate with my Bachelor's of Finance. Thanks for the great information.
Thank you 🙏 😊
Thank you for making this video :)
I liked your videos last year, glad to see you poping back up in my feed. Unfortunatly, most of this won't apply to me, no dependents, no investments and no health expenses outside of company sponsered plan costs, already doing 401k, still owe more money then I think is fair. Might be able to use some of the commuter stuff though. Thanks :)
Something that I've seen happen is that the tax rates change but employees don't know that it's happened. So they've worked an entire year with the wrong withholdings and end up owing money when they're typically used to receiving a refund.
How do you get notified if tax rates change? I feel like there should be someway you be notified
@@overratedprogrammer i feel like the irs should do a lot of things one should lighten up the load on us single people paying 30 k in taxes is wack when bob and tina with 5 kids pays nothing 😭
Thank you for helping me avoid from going into debt
Thank you I really appreciate this helpful information, honesty and integrity to do the responsible and right thing while at the same time educate us to help save money I hope God bless you in everything you do.
Thank you for that super thanks Darvin! I appreciate it SO MUCH!
Hey Brian 👍🏾 thank you for the information...
Happy Friday J. Trade Forex!