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Understanding How Tax Returns Work in 9 Minutes

Kris Krohn 60 views

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Comments


@MaritzaPalmer-s7x
 Thank you very much so much for this video Very instructive
Comment from : @MaritzaPalmer-s7x


@kaysmanuscript
 I'm 20 and have been struggling with understanding all of this Your video was the first that has explained it in such a simple and cohesive way Thank you! You earned a new subscriber <3
Comment from : @kaysmanuscript


@MartinHicks-dw2su
 I just turned 50, and I'm honestly feeling overwhelmed about taxes and retirement I have a little over £300k saved, but with changing tax laws and the rising cost of living, I’m starting to wonder how much of my savings will actually go to taxes I don’t want to end up losing a huge chunk of my nest egg to the IRS
Comment from : @MartinHicks-dw2su


@tayanna9368
 taxing someone who makes 10,000 dollars A YEAR is criminal
Comment from : @tayanna9368


@AlexanderJayson
 What if you make $40k but can’t seem to save enough money because it all goes to food cars and rent?
Comment from : @AlexanderJayson


@CleanPlateClub
 To note: Under our Marginal Tax System, different slices of your income are taxed at different rates, reducing your overall effective tax rate - its not just deductions In this video, he mentions those making $42K pushing them over to the 22 bracket Its ONLY taxable income over $41,775 ($225) is taxed at 22, with the remaining amount taxed at both 12 ($31,500) and 10 ($10,275) This assumes they've already taken their standard deduction or itemized deductions
Comment from : @CleanPlateClub


@mistervacation23
 Do I have to declare a horse with a clock in his stomach that my company gave me?
Comment from : @mistervacation23


@HenryGarrett-k6c
 Good
Comment from : @HenryGarrett-k6c


@HenryGarrett-k6c
 Good
Comment from : @HenryGarrett-k6c


@HenryGarrett-k6c
 Good
Comment from : @HenryGarrett-k6c


@HenryGarrett-k6c
 Good
Comment from : @HenryGarrett-k6c


@HenryGarrett-k6c
 Good
Comment from : @HenryGarrett-k6c


@HenryGarrett-k6c
 Good
Comment from : @HenryGarrett-k6c


@yungsteezy4500
 What? That's the average?
Comment from : @yungsteezy4500


@inquisitivelurker
 hehe I love Investopedia
Comment from : @inquisitivelurker


@lukasczere9590
 Nice review, thank you 😊
Comment from : @lukasczere9590


@zuzanakertysova1627
 Kris your voice is the same as Huberman’s 😲😲😲
Comment from : @zuzanakertysova1627


@benvanbronkhorst6531
 I did this with one house
Comment from : @benvanbronkhorst6531


@leslyatencio2772
 thank you Kris
Comment from : @leslyatencio2772


@AprilGarciaDfw
 So glad I found your channel
Comment from : @AprilGarciaDfw


@x01753
 I am confused by the difference between a deduction and a credit I was under the impression that a credit came directly off of your tax bill as opposed to a deduction that came off of your income Am I wrong?
Comment from : @x01753


@daltonevans8442
 how much does your guidance cost?
Comment from : @daltonevans8442


@aedanacheson6148
 Just a heads up so you don’t go look into it, that first time homebuyers credit has not passed yet:) congress hasn’t passed it yet:) just saving ya some time if you were wondering
Comment from : @aedanacheson6148


@manvsdetails
 Great as always Kris
Comment from : @manvsdetails


@KeronBryce
 The best advice at the best time! I appreciate this!
Comment from : @KeronBryce

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