How to Boost Your Tax Refund SAFELY - Tax Expert's 10 Tips

This was a great video. Thank you❤❤

I started off listening without watching and thought i was listening to a yt guy lol. I'm not saying this to offend. Just thought it was funny lol 😂

People with kids get all the $$$$ while the single people get the shaft we get no tax breaks even me being a senior

Very good! 👍🏽 Thank you!

if i do hair from home with no registered llc, can i still report that income?

🎉

What if medical expenses are paid out of an HSA?

Things that we shouldve learned in school smh. Thank you for this video.

Real simple to understand and well explained in detail 👏🏽

If i am a coach with a home gym and people pay me to coach them at my home each month, would that be considered a home office deduction?

Sorry, with standard deduction over 27,000 per yr. Now for married couple.. A lot of this is moot points for many. And a waste of time itemizing and keeping paperwork , even if it tops that 27,700 hundred a bit.

Love this chanel

Thanks bro that helps a lot

Hi Karlton do you happen to have a video on how to file the Uber eat taxes after the 3rd year on declaring 0 profit? I don’t want my business to close since they say after 3 years you have to show profit but we get the 1098c

FORMS: 6.7 AFFIDAVIT OF EXEMPTION FROM WITHHOLDING IN LIEU OF W-4
RIGHT click here for the Word 97 version of this document
This letter is to be sent to your employer when you decide to terminate income tax withholding with your employer legally. Note that the affidavit is provided in lieu of an exempt W-4, so that the taxpayer doesn't get in trouble with the IRS after the Exempt W-4 is sent to the IRS Detroit Processing Center.

AFFIDAVIT OF EXEMPTION FROM WITHHOLDING IN LIEU OF W-4

Consistent and in pari materia with Section 3402(n) of the Internal Revenue Code ("IRC"), shown herewith, I hereby certify to being EXEMPT by law from all federal income tax withholdings because:

A. No liability for income tax has knowingly been incurred by Me under Subtitle A in the past year or in previous years.

B. No liability for income tax will knowingly be incurred by Me under Subtitle A in the current year or in future years.

Effective immediately, stop all federal tax withholdings.

The only statutes which impose a specific liability for federal income taxes imposed by Subtitle A are those which are found in the provisions applicable to withholding agents, as itemized in the definition of "Withholding agent" at IRC 7701(a)(16).

Thank you for your consideration.

VERIFICATION

The Undersigned hereby verifies, under penalty of perjury, under the laws of the United States of America, without the "United States" (federal government), that the above statement is true and correct, to the best of My current information, knowledge, and belief, so help Me God, pursuant to 28 U.S.C. 1746(1).

All Rights Reserved without Prejudice

Executed on: _________________________________________________

Month / Day / Year
Signed: _______________________________________________________

(blue ink signature)
Name: _________________________________________________________

(printed name)
Address: ______________________________________________________

(c/o street, post office box, or general delivery)
County: _______________________________________________________

(name of county, followed by "county")
Union State: __________________________________________________

(one of the 50 states of the Union)
Attachments:

1. Internal Revenue Code, Section 3402(n):

(n) Employees Incurring No Income Tax Liability. --

Notwithstanding any other provision of this section, an employer shall not be required to deduct and withhold any

tax under this chapter upon a payment of wages to an
employee if there is in effect with respect to such payment
a withholding exemption certificate (in such form and
containing such other information as the Secretary may
prescribe) furnished to the employer by the employee
certifying that the employee --
(1) incurred no liability for income tax imposed under Subtitle A for his preceding taxable year, and

(2) anticipates that he will incur no liability for incometax imposed under Subtitle A for his current taxable year.

The Secretary shall by regulations provide for the coordination of the provisions of this subsection with the provisions of subsection (f).

IRC 3402(n)]

2. IRS Form 8233:

EXEMPTION FROM WITHHOLDING OF COMPENSATION FOR PERSONAL SERVICES

IRS Form 8233 is an alternative to a CERTIFICATE OF EXEMPTION FROM WITHHOLDING IN LIEU OF W-4. The following is the abstract describing Form 8233 in the IRS Printed Product Catalog:

8233

62292K (Each)

Exemption from Withholding Compensation for Personal Services

Used by non resident alien individuals to claim exemption from withholding on compensation for personal services because of an income tax treaty or the personal exemption amount. D:R:FP:F Tax Related Public Use

[IRS Printed Product Catalog]
[Document 7130, Rev. 6-89, p. 66]

None of these apply to me lol

Can you make a video how to file 1099’s like for DoorDash and Instacart please

What about the money we pay for our college students and housing expenses?

Good info but even with mortgage, student loan and kids, my itemized deductions are still lower that the standard deduction of $27k.

Love it. Trump hooked it up lol

⭕️1st one is for rich people.
⭕️2nd one doesn't apply to me.
⭕️3rd one doesn't apply to me.
⭕️4th one is for people who make enough to max out the 401(k) or traditional IRA. A lot of us dont.
⭕️5th one is only for those who have the money available to donate stuff, and often doesn't pay much unless you donate expensive items.
⭕️6th one still is for people who have a lot of free-standing money.
⭕️7th one is for those who can afford to have children, which means if they're barely making it, they can't really do any of the prior items in this list.
⭕️8th one still has issues relation as prior item.
⭕️9th one same limits as first one.
⭕️10th one is only for those who were able to pay & spend a crap ton of money on those medical expenses.



None of these are really for poor people or lower middle class.

You look like a scammer by hiding some information in different places

Great Job!

these are obvious

my boy could you ever be more higher… lmaooo im still learning tho… but damn that’s some Za

Its not notmally worth maxing out the 401k

I was wondering on the dependent care credit if your kid is going to tutoring can that be claimed ??

my boy! clear, precise, bulleted and with examples! bravo for this video...

Thank you.

Hey Karlton, what about tax deduction for senior citizens that are paying a large chunk of their income on daily caregiver service?

✒️Thanks, I just subscribed💥

Fewww. That was alot of
good and credible information
in this content. It was well
worth listening to and looking
forward to maximizing a refund.
Thanks ! 😊

Love your channel! Can you do a video on Opportunity Zones?

The utilization of after-tax money and tax-free growth makes opening a Roth IRA very advantageous. Through a careful guidance of my FA, I did not pay taxes on my withdrawals of $2.86 million when I retired.

I'm an accounting student and some of this I didn't learn...good job teaching me things my college didn't!

Hi do they have childcare credit available for tax 2023

Hi, what about property taxes up to $10000?

You are good man Karlton, I dont care what they say about you 😂😂

Does paying into your medical every pay check count as a deductible anyone ?

They are truly sleeping on my guys channel, keep going! The Tax ALCHEMIST 💪🏾

Any more advice in my situation that you can give, it would be great thank you.🤙

Good video, bro. I for sure need help this year, understanding how I'm going to be doing my taxes. I'm going to be filing taxes as a self contracted transportation driver, so this video will for sure help. Thank you, my man. GOD BLESS!!!!

This challenge on the 30th, is this for W2 workers?

You helped me to return $6k extra. Thanks a LOT!!!