How to Do Taxes For Beginners | Accountant Explains!

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  • Опубликовано: 25 янв 2024
  • Check to see if you qualify for the TurboTax Free Filing: www.anrdoezrs.net/click-10015...
    My Tutorial Video on how to file your taxes on TurboTax: • How to File Taxes on T...
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Комментарии • 324

  • @clearvaluetax9382
    @clearvaluetax9382  4 месяца назад +21

    Check to see if you qualify for the TurboTax Free Filing: www.anrdoezrs.net/click-100154634-13906760
    My Tutorial Video on how to file your taxes on TurboTax: ruclips.net/video/HP3OY4Zst20/видео.html

    • @veronicasiordia868
      @veronicasiordia868 4 месяца назад

      Bryan do you think they will pass the child tax credit?

    • @clearvaluetax9382
      @clearvaluetax9382  4 месяца назад +2

      Hi Veronica, honestly, it's looking like 50/50 right now. Usually it's a clear answer, but not this time. I wish I could be more helpful on that. @@veronicasiordia868

    • @veronicasiordia868
      @veronicasiordia868 4 месяца назад

      Bryan do you know by when will we find out if it passes or not ?

    • @smsservicesall
      @smsservicesall 4 месяца назад +1

      29th

    • @Juice421fs
      @Juice421fs 4 месяца назад +1

      Can you do another video like this but geared towards gig worker's?

  • @taylorferreria7815
    @taylorferreria7815 4 месяца назад +214

    Who out here 18 and filing their taxes rn 😭 ? I’m so happy I came across his page . Quick and easy explanations , walk-through’s , and further technique / advice . I wasn’t expecting him to make an updated version , but he honestly , truly blessed us !

    • @voidshot6033
      @voidshot6033 4 месяца назад +18

      Doing them right now, his guides are super simple. I am 19 and know how to file now with ease.

    • @clearvaluetax9382
      @clearvaluetax9382  4 месяца назад +20

      Thank you for that feedback and all the support, I appreciate it very much Taylor!

    • @jepa8230
      @jepa8230 3 месяца назад +3

      Yo 17 and this first video I watched. So relieved I found him.

    • @nickphaux
      @nickphaux 2 месяца назад +2

      Me when I have to be an adult for the rest of my life now and do this every year: 🙃🙃🙃🙃

  • @LilacZ373
    @LilacZ373 4 месяца назад +148

    This needs to be taught before leaving high school! Thanks for your high quality content

    • @Maintenance_Mark
      @Maintenance_Mark 3 месяца назад +13

      We really need to just change the tax laws and FORCE the IRS to pay us our money without us doing anything just like how they take it from our paychecks every week without fail. The IRS knows exactly how much money it owes you but they choose to make you play guessing games instead of just sending the money they owe you back. They could. They just won't.

    • @zoeytrahan6970
      @zoeytrahan6970 3 месяца назад

      It was taught at my school as an elective

    • @tearealdavis2212
      @tearealdavis2212 3 месяца назад +1

      It’s not intentionally

    • @riftwalk2546
      @riftwalk2546 3 месяца назад +4

      lets be real here, if this was taught in school most if not all would skip this class. most Americans already hate basic math so if this is taught everyone would hate it.

    • @ngmusic5665
      @ngmusic5665 2 месяца назад

      in many schools classes arent that easy to skip, and it can be incorporated into an existing class. nonetheless having it is better than not@@riftwalk2546

  • @Eunoia_.__.02
    @Eunoia_.__.02 3 месяца назад +24

    I’m 21 who isn’t sharp about adulthood and feels really insecure about it. I’m glad to come across this video💕

  • @ceyleighdugan4989
    @ceyleighdugan4989 4 месяца назад +77

    Great job making what can be a stressful topic simple. I'm a fan of turbo tax, too. I've been using them for the past 9 years.

    • @deleteduser3749
      @deleteduser3749 4 месяца назад

      I used to buy the CDs in Costco. 😂. Haven't been audited yet but my taxes are simple.

    • @KoalaFicationOfficial
      @KoalaFicationOfficial 4 месяца назад

      Just remember your taxes money funded wars and illegals than Americans

  • @LuxuryTravelsWithAna
    @LuxuryTravelsWithAna 4 месяца назад +12

    This is gonna be my second time filing as self employed and I messed up the first time. Please do another video for those self employed

  • @johnkaczinski468
    @johnkaczinski468 27 дней назад

    I’ve prepared individual income tax returns (PTIN) for 22 years at 2 of the largest national tax prep companies. Your basic description of tax preparation is on spot!!

  • @addressunknown983
    @addressunknown983 4 месяца назад +2

    Phenomenal video, concise & short which addressed the question. Keep up the good work!

  • @PORKMINDINVESTOR
    @PORKMINDINVESTOR 4 месяца назад

    THANK YOU MY FAMILY IN BOSTON WILL SERIOUSLY NEED THIS!😍👀🐷 thank you ALWAYS! And thank you for being on youtube!

  • @aviationvideos9613
    @aviationvideos9613 4 месяца назад +11

    Good job. I am one of your regular subscriber customer. Thanks for explaining everything clearly.

    • @clearvaluetax9382
      @clearvaluetax9382  4 месяца назад +2

      THank you for all the support Aviation Videos! I appreciate it so much!

  • @mathe3173
    @mathe3173 4 месяца назад +10

    you're the OG man, appreciate you for spitting this knowledge for free, God bless you.

    • @kingpin6753
      @kingpin6753 3 месяца назад +1

      Salute to this man

  • @GarrettSAlston
    @GarrettSAlston 4 месяца назад +8

    Great basic explanation! 👌 Should teach this in schools!!

  • @DWes487
    @DWes487 4 месяца назад +7

    Thanks for this Brian and all that you do here!!!

    • @clearvaluetax9382
      @clearvaluetax9382  4 месяца назад +1

      I appreciate the support so much, thank you DWes!

  • @ararel3550
    @ararel3550 4 месяца назад +3

    Concise and informative. Good step-by-step teaching tool. I will use it with my family members.

  • @drumed11
    @drumed11 4 месяца назад

    Awesome video! the only the thing I would love to see you cover is Filing Status & the different options. Your vides are great, thank you.

  • @lunamorris2091
    @lunamorris2091 11 дней назад

    Excellent video!
    Thank you very much for your hard work.

  • @funnygirl3351
    @funnygirl3351 4 месяца назад +10

    Turbo Tax is so easy and now Brian walks us through it. It doesn't get any better than that folks.

    • @clearvaluetax9382
      @clearvaluetax9382  4 месяца назад +2

      THank you for all the support FunnyGirl3351! I appreciate it so much!

  • @erethynentzar
    @erethynentzar 4 месяца назад +10

    Excellent intro to personal income taxes, Brian!

  • @thegoldenpersona
    @thegoldenpersona 3 месяца назад

    Really appreciate this. Keep up the beautiful work

  • @kdoh4657
    @kdoh4657 4 месяца назад +4

    I appreciate the info. Will be preparing tax service for taxpayer this year.

  • @snogletree
    @snogletree 4 месяца назад +3

    I ❤ your videos! Thank you for always sharing your knowledge & providing helpful insights.

    • @clearvaluetax9382
      @clearvaluetax9382  4 месяца назад +1

      It's my pleasure and thank you for all the support snogletree!

  • @SegaDisneyUniverse
    @SegaDisneyUniverse 4 месяца назад +7

    One of many topics that I wish was taught to me in grade school.

  • @garyhirtz4392
    @garyhirtz4392 4 месяца назад +2

    Very good overview. In short order. Thanks.

  • @truehawj2093
    @truehawj2093 4 месяца назад +7

    This is the perfect video for my kids to learn. Thank you!

    • @clearvaluetax9382
      @clearvaluetax9382  4 месяца назад +1

      Thank you truehawj and I hope this veideo helps your children!

  • @123hhww
    @123hhww 4 месяца назад +9

    Thank you! I will always remember you for your generosity in teaching it to us.

    • @clearvaluetax9382
      @clearvaluetax9382  4 месяца назад +2

      That's so kind of you and I appreciate the support so much, thank you 123hhww!

  • @Isaac-eq1im
    @Isaac-eq1im 4 месяца назад +4

    Thank you for providing so much valuable knowledge!

  • @lottetimes
    @lottetimes 4 месяца назад +2

    I used to do the 1040 EZ form for years

  • @DrineThePoet
    @DrineThePoet 3 месяца назад +1

    This should be taught in school so thank you for this video!

  • @mariellahendricks4809
    @mariellahendricks4809 2 месяца назад

    This tutorial was awesome! thank you so much!

  • @rosebloom2518
    @rosebloom2518 4 месяца назад +1

    Happy Friday Brian!!! Have a great weekend!☀️🌺

  • @mariboy887
    @mariboy887 2 месяца назад

    I turn 19 in April and you just made taxes so clear. Like even as getting nervous while watching the video (bc once again first time). You made this so much lighter on my soul😂

  • @quinkim1
    @quinkim1 4 месяца назад

    very informational video, thank you!

  • @abiwoods101
    @abiwoods101 Месяц назад +1

    i’m 21 and this is my first time doing it without my dad and this helped so much tbh

  • @matthewluong9447
    @matthewluong9447 4 месяца назад

    Thank you for explaining. I have no idea of how taxes work.

  • @Curanderaa
    @Curanderaa 4 месяца назад +3

    The visuals are so helpful 😮❤

  • @bmanisap1
    @bmanisap1 4 месяца назад +2

    Thank you so much for the great info!!

  • @gladyspanisello888
    @gladyspanisello888 2 месяца назад

    Thanks for your information is very importante for everyone

  • @HaMou261
    @HaMou261 4 месяца назад

    You're the man ! Thanks 👍

  • @user-py7wp6nw9h
    @user-py7wp6nw9h 4 месяца назад

    awesome, as always!

  • @a1parra
    @a1parra 4 месяца назад

    Thanks again Brian

  • @jannely9217
    @jannely9217 4 месяца назад +3

    I wish I had seen this video before learning it on my own

  • @brijeshdesai8375
    @brijeshdesai8375 4 месяца назад

    Very good information ..thx

  • @bvisko7
    @bvisko7 2 месяца назад

    Thank you much! You have made this easy & I love how simple you made it... Where are you located??? Would love to use you next year...

  • @myaadams5738
    @myaadams5738 3 месяца назад +1

    Doing them tonight wish me luck

  • @Keepitlope
    @Keepitlope 4 месяца назад +1

    Very helpful! Well executed video. Wish I had access to this video at an early point in my life. 🎉

  • @kamaal50762
    @kamaal50762 4 месяца назад +4

    But thanks to this gentleman man he made mw understand everything about taxes with in Minutes

  • @movang3053
    @movang3053 4 месяца назад +1

    Thank you for all the help and info. I have one question, im receiving survivors benefits for my kids, do I file that?

  • @PJMedLife
    @PJMedLife Месяц назад +1

    honestly they should teach this in high school

  • @MsPetraThao
    @MsPetraThao 4 месяца назад +2

    Thanks for sharing Brian. I'm new here.❤

    • @clearvaluetax9382
      @clearvaluetax9382  4 месяца назад

      Thank you for all the support and welcome pajkubthoj!

  • @CasitaQuetzal
    @CasitaQuetzal 2 месяца назад

    Thank you my taxes are simple one income family of 7 no stocks and I would always pay someone to do until I found this RUclips channel that is was simple

  • @zainah3446
    @zainah3446 4 месяца назад +1

    Amazing content thanks

  • @shosilva14
    @shosilva14 4 месяца назад +4

    Honestly I feel way better after this video

  • @MidnightToker_98
    @MidnightToker_98 4 месяца назад +1

    Hi Brian, happy Friday bud!

  • @bobbyw1074
    @bobbyw1074 4 месяца назад +1

    Thanks Brian

  • @Journey2Destinations
    @Journey2Destinations 4 месяца назад +1

    Thank you! Do I need to pay to file for the state tax if I use Free TurboTax?

  • @dsaavedra1626
    @dsaavedra1626 4 месяца назад +5

    Hey Brian, local chicago that’s been watching your videos since the beginning of the pandemic. Really appreciate videos like this helping us common folk. Was wondering if you could make this video in Spanish for all the…”new comers” 😅 we have here in the states. My barber and I were just discussing this earlier today. Thanks!

    • @clearvaluetax9382
      @clearvaluetax9382  4 месяца назад +3

      The "new comers", understood! Yes, I'll definitely have to do that, good suggestion!

  • @joeldrummer23
    @joeldrummer23 4 месяца назад

    May have to check em
    Out

  • @gardengirl6636
    @gardengirl6636 2 месяца назад

    Thanks!

  • @stevewashington2716
    @stevewashington2716 4 месяца назад

    Thanks man

  • @yeriel6
    @yeriel6 4 месяца назад +1

    It’s first year I have mileage recorded for my Amazon Flex Job. Still recommended to do it myself?

  • @click0915
    @click0915 4 месяца назад +1

    Great video.

  • @soundofmetal
    @soundofmetal 4 месяца назад +1

    I'm still waiting if the IRS is gonna announce any stipulations for the GA HB 162 surplus refund check I got last year or if it doesn't need to be claimed like the year before

  • @sunnyboy8860
    @sunnyboy8860 4 месяца назад +2

    I have both 1099 and W-2 this year for the first time and I’m timid about it because I feel like the tax preparer will fail somehow

  • @shannoncargo468
    @shannoncargo468 4 месяца назад +3

    I want to be the 1st to say congratulations on 2 million subscribers

    • @clearvaluetax9382
      @clearvaluetax9382  4 месяца назад

      I appreciate that Shannon! I believe it may happen in February!

  • @vin1234567891
    @vin1234567891 3 месяца назад

    Hi Brian, can we still make changes to our W-4?

  • @Mandy-cd4xs
    @Mandy-cd4xs 3 месяца назад

    Do I need to put the PTIN number if i am filing my own taxes and my panets taxes? I have the PTIN number because i worked with h&r block for one month then i quit and now thinking to do my own taxes.

  • @Fernando-jp7lk
    @Fernando-jp7lk 4 месяца назад +1

    I don’t have any federal taxes taken out because I need all that I can get on my check.
    If I owe and taxes at the end of the year, will the child tax credit offset that balance?? Thank you.

  • @buckdaily8288
    @buckdaily8288 4 месяца назад +1

    I was on Worker’s Comp. last year all year long except two months. How does that affect my refund? I live in New York. Ty

  • @its4electric
    @its4electric 3 месяца назад

    Looking at turbo tax examples, it only shows 2 spots for W2 forms. I have 3 W2s

  • @johnwright7782
    @johnwright7782 4 месяца назад +6

    Any word on the $3600 child tax credit?

  • @eagler8196
    @eagler8196 4 месяца назад +7

    1st year claiming social security...did you cover the 3 ways you can determine that tax hit?

    • @joegonzalez1941
      @joegonzalez1941 4 месяца назад

      There's a silly formula invented by the bean counters,add and divide and subtract and then multiple and subtract again, can't have simple in the IRS 😢

  • @veronicagalvan3591
    @veronicagalvan3591 3 месяца назад

    I have W2’s, 1098 T, and three different 1099’s. Seems complex to me since I’m preparing myself for the first time. Any suggestions? Thank you.

  • @VovanCBR
    @VovanCBR 3 месяца назад

    how to report 1042-S ($25) together with W2 - under other income? or as interest?

  • @JoeT.1960
    @JoeT.1960 4 месяца назад

    Thanks

  • @lillianmvargaso4960
    @lillianmvargaso4960 4 месяца назад +1

    ❤❤❤ Thank you.

  • @MsLily92
    @MsLily92 2 месяца назад

    If I have an old robinhood account with 0 gains/losses/investments, should I file document that still?

  • @TL-sn7ne
    @TL-sn7ne 2 месяца назад

    Is this only on income taxes for April 15th? So not on other taxes like sales taxes and property taxes?

  • @InvestInTime
    @InvestInTime 4 месяца назад

    I have done my own tax returns for several years now. This is my first time that I sold my primary residence house that I lived in for the last 15 years. I made less than $200K in profit. I know that I don't have to pay federal tax on it but do I still have to report it to the IRS? Or report it somewhere on the tax return?

  • @jeanniearnett3948
    @jeanniearnett3948 4 месяца назад +1

    My former apartment property owner refuses to send my Minnesota State Renters Rebate form to my new address. She's very unruly. How should I handle this??

  • @iceburgslim1959
    @iceburgslim1959 4 месяца назад

    My wife and I only have retirement income. We both reside in Illinois which does not tax retirement income. Do I still have to file 1040 IL state form?

  • @reeseb3545
    @reeseb3545 3 месяца назад +1

    clearvalue tax r u a gamer? i like ur taxes!

  • @truce11
    @truce11 3 месяца назад

    Would love to see video for independent contractors

  • @esmealameda6105
    @esmealameda6105 4 месяца назад +1

    How do I know if im supposed to file? Im in my 40's living in texas with 2 kids on ssi

  • @carlostadeo7173
    @carlostadeo7173 Месяц назад

    What do I do if my previous employer has not send my W-2 form it's currently April 8th.

  • @Wooster77
    @Wooster77 4 месяца назад +2

    Brian, do you recommend setting up an LLC for each investment property you own, and if so, can TurboTax for single member LLCs handle the filing of tax returns? Would simply increasing ins coverage or adding an umbrella policy protect assets as well as an LLC?

    • @clearvaluetax9382
      @clearvaluetax9382  4 месяца назад +3

      That’s recommended to put each investment property into its own LLC for legal liability purposes (not for tax purposes). But this is very easy in Turbotax for tax purposes. Insurance is your first line of defense, your LLC is your last line of defense. Some people want 1 or none. Other people want both. Depends on your comfort level and circumstances.

  • @nicolenurczyk1595
    @nicolenurczyk1595 4 месяца назад

    I used to use credit karma to file taxes and they switched to cash app. I have used cash app for the last couple years but now im reading that might not be good. I also dont understand if or how im supposed to report my 401k contributions that are outside of my employer 401k.

  • @JB-dj7er
    @JB-dj7er 4 месяца назад

    My dependents are still overseas, and will be joining me this april 1st week 2024. Should i wait for them to file my tax as mareied filing jointly? Thanks

  • @user-hu3tx8vl7w
    @user-hu3tx8vl7w 4 месяца назад +1

    Nice video

  • @timothy7754
    @timothy7754 4 месяца назад +1

    Thank you

  • @Alexander-fz7sd
    @Alexander-fz7sd 4 месяца назад +2

    Can we do taxes now if we have kids or still wait till the 29th?

  • @nucreation9833
    @nucreation9833 4 месяца назад +1

    How can we pay for your accounting services ?

  • @SWB_mike
    @SWB_mike 4 месяца назад +1

    Can you talk about 709 and how we can use them

  • @nmuralikrishna4599
    @nmuralikrishna4599 2 месяца назад

    I couldn't find the free software which is shown here. It says "There are 0 IRS Free File Online tax preparation service option(s) for you to explore."

  • @NuclearChicken42
    @NuclearChicken42 4 месяца назад +1

    Thank you for this video Brian!

  • @tiffanyjones5469
    @tiffanyjones5469 3 месяца назад +1

    I always pay someone to do my taxes, after this video I think I’m gonna do it myself

  • @shreetamsheregar1428
    @shreetamsheregar1428 3 месяца назад

    Very informative video. I came to the US in the month of August 2023, so I have not completed 183 days in 2023, but I intend to stay here for the next couple of years. I just wanted to know if I am eligible to avail standard deduction ?

  • @cl8045
    @cl8045 4 месяца назад

    Can you do one for self-employment

  • @ralphposadas1412
    @ralphposadas1412 3 месяца назад

    Can a W-2 employee deduct rideshare lyft/uber expenses?

  • @sikixo8969
    @sikixo8969 4 месяца назад

    Can i add my apartment electricity and gas bill that I pay?

  • @fadisalem2710
    @fadisalem2710 4 месяца назад +4

    Hi Brian question for you, so if I pull out of my Roth IRA account only on my contributions to just deploy into another roth ira account, could that technically be considered an indirect rollover?

    • @clearvaluetax9382
      @clearvaluetax9382  4 месяца назад +1

      That’s correct, if you withdraw, then it would not be a direct rollover.

    • @clearvaluetax9382
      @clearvaluetax9382  4 месяца назад +2

      If it doesnt touch your hands it’s direct.

    • @MissAprilCakes
      @MissAprilCakes 4 месяца назад

      @@clearvaluetax9382Brian any news on the Child Tax Credit Expansion? I’ve halted my taxes waiting until I’ve heard back about this thing. Please give any info