25 Comments

1. 

   Adjunct Comedy on January 17, 2023 at 9:22 am

   I love this guy. Let me work for bud.

2. 

   tomj528 on January 17, 2023 at 9:22 am

   Nice summary but you're vastly underestimating/underselling the form 8880 retirement saver's credit. Likely most if not all of your clients could make themselves eligible for the maximum credit simply by maxing out their tax deferred retirement account limits. Additionally, later on when they stop working full time they can use the same credit as a tool to slowly and under taxable limits convert their tax deferred accounts to their Roth IRAs. No taxes now, no taxes later and the savings are multiplied as this completely defuses the "Tax Torpedo", the "Widow's Tax Trap" and ensures you pay the lowest amount for medicare premiums with the maximum control over your income and taxes. If you're not already, branching out into tax planning for your clients is a valuable service and can certainly help fill out your "off" season. Cheers!

3. 

   Joylove on January 17, 2023 at 9:22 am

   hi , i have a question. My federal tax withheldings decreased from 252 to 233 in my new paycheck for 2023. But i didnt change anything on w4 form. Is that normal?

4. 

   Jade Nardini on January 17, 2023 at 9:22 am

   Thanks !!!!!!!!!!!!!!!!!!!!!!

5. 

   Leonor Noel on January 17, 2023 at 9:22 am

   Thank you very much

6. 

   Rudrayani Shedjale on January 17, 2023 at 9:22 am

   On tax software we need to provide inputs to 1099B which will flow to 8949-schedule D-form 1040.
   This would be the process?

7. 

   Olga Varabei on January 17, 2023 at 9:22 am

   Thank you so much!!!!

8. 

   Rod Alexander on January 17, 2023 at 9:22 am

   There is no such word as irregardless. It's a double negative. Regardless means without regard. Irregardless would mean without, without regard. I hope this will benefit you.

9. 

   Brenda Hobbs on January 17, 2023 at 9:22 am

   If you are not a government work you it is volunteery. Do your own research their is no law.

10. 

    Bradley VanZile on January 17, 2023 at 9:22 am

    Don’t dive into it just look into and get the facts.

11. 

    Pres Non on January 17, 2023 at 9:22 am

    Do you do RMD on traditional IRAs?

12. 

    james bloch on January 17, 2023 at 9:22 am

    good job

13. 

    greg morgan on January 17, 2023 at 9:22 am

    Slow dow your talking. I can barely understand you.

14. 

    Ibrahim Skandarani on January 17, 2023 at 9:22 am

    I have a question, please. My wife and I are married (no legal separation). However, we have been living apart, in separate for a number of years. This year, I am planning on filing as "married filing separately". My income is 100% from social security. My question is: Do lines 9 and 11 on the Social Security worksheet apply to me in this case? Thank you for help with this question.

15. 

    Jacob Velez on January 17, 2023 at 9:22 am

    Hey Mike took a break from your channel to study , I’m a Tax Specialist at HR Block this year and your videos have been a huge help in learning ! Any tips on becoming an EA?

16. 

    Tracey Poland on January 17, 2023 at 9:22 am

    Wasn’t the mileage rate through June 58.5 cents for 2022?

17. 

    Raquel Borden on January 17, 2023 at 9:22 am

    Very valuable information and clearly explained. Thank you!

18. 

    David L. Parker on January 17, 2023 at 9:22 am

    This is my first year as a tax preparer, I learn more from this video than I have learned from my training.

19. 

    John Nixon on January 17, 2023 at 9:22 am

    Just want to say thanks, your videos have helped me a ton as life's gotten more complex (aka getting older). You've saved me a ton money that's desperately needed for my family and I really appreciate your educational videos.

20. 

    Nature lover’s adventures on January 17, 2023 at 9:22 am

    Thank you. I am a CPA myself but I did not do my CPEs for the new tax season. Well, I am more into corporate acconting nowdays. I love 15 minutes tax updates.

21. 

    Shamileification on January 17, 2023 at 9:22 am

    Great video! Thanks for all the valuable information.

22. 

    Parvez Hussain on January 17, 2023 at 9:22 am

    Thank you for the spreadsheet

23. 

    Linda Johnson on January 17, 2023 at 9:22 am

    Where do I find the spreadsheet?

24. 

    Peter Yam on January 17, 2023 at 9:22 am

    Happy New Year! coming out strong 2023 with a new video content. Takes times to prepare, keep it up.

25. 

    Nadine Avellani on January 17, 2023 at 9:22 am

    Is the standard deduction for this year 12,950 or $13,850. I thought for sure was 12,950 for tax year 2022. Is that correct?