How to Do Taxes For Beginners | Accountant Explains!

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  • Опубліковано 25 січ 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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КОМЕНТАРІ • 324

  • @clearvaluetax9382
    @clearvaluetax9382  4 місяці тому +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: ua-cam.com/video/HP3OY4Zst20/v-deo.html

    • @veronicasiordia868
      @veronicasiordia868 4 місяці тому

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

    • @clearvaluetax9382
      @clearvaluetax9382  4 місяці тому +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 місяці тому

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

    • @smsservicesall
      @smsservicesall 4 місяці тому +1

      29th

    • @Juice421fs
      @Juice421fs 4 місяці тому +1

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

  • @taylorferreria7815
    @taylorferreria7815 4 місяці тому +218

    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 місяці тому +19

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

    • @clearvaluetax9382
      @clearvaluetax9382  4 місяці тому +22

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

    • @jepa8230
      @jepa8230 4 місяці тому +3

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

    • @nickphaux
      @nickphaux 2 місяці тому +2

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

  • @LilacZ373
    @LilacZ373 4 місяці тому +152

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

    • @Maintenance_Mark
      @Maintenance_Mark 4 місяці тому +14

      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 4 місяці тому

      It was taught at my school as an elective

    • @tearealdavis2212
      @tearealdavis2212 4 місяці тому +1

      It’s not intentionally

    • @riftwalk2546
      @riftwalk2546 3 місяці тому +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 місяці тому

      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 4 місяці тому +26

    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 місяці тому +78

    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 місяці тому

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

    • @KoalaFicationOfficial
      @KoalaFicationOfficial 4 місяці тому

      Just remember your taxes money funded wars and illegals than Americans

  • @LuxuryTravelsWithAna
    @LuxuryTravelsWithAna 4 місяці тому +13

    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

  • @addressunknown983
    @addressunknown983 4 місяці тому +2

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

  • @PORKMINDINVESTOR
    @PORKMINDINVESTOR 4 місяці тому

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

  • @aviationvideos9613
    @aviationvideos9613 4 місяці тому +11

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

    • @clearvaluetax9382
      @clearvaluetax9382  4 місяці тому +2

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

  • @mathe3173
    @mathe3173 4 місяці тому +10

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

  • @GarrettSAlston
    @GarrettSAlston 4 місяці тому +8

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

  • @ararel3550
    @ararel3550 4 місяці тому +3

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

  • @drumed11
    @drumed11 4 місяці тому

    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.

  • @snogletree
    @snogletree 4 місяці тому +3

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

    • @clearvaluetax9382
      @clearvaluetax9382  4 місяці тому +1

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

  • @DWes487
    @DWes487 4 місяці тому +7

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

    • @clearvaluetax9382
      @clearvaluetax9382  4 місяці тому +1

      I appreciate the support so much, thank you DWes!

  • @kdoh4657
    @kdoh4657 4 місяці тому +4

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

  • @erethynentzar
    @erethynentzar 4 місяці тому +10

    Excellent intro to personal income taxes, Brian!

  • @thegoldenpersona
    @thegoldenpersona 3 місяці тому

    Really appreciate this. Keep up the beautiful work

  • @Isaac-eq1im
    @Isaac-eq1im 4 місяці тому +4

    Thank you for providing so much valuable knowledge!

  • @garyhirtz4392
    @garyhirtz4392 4 місяці тому +2

    Very good overview. In short order. Thanks.

  • @johnkaczinski468
    @johnkaczinski468 Місяць тому

    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!!

  • @truehawj2093
    @truehawj2093 4 місяці тому +7

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

    • @clearvaluetax9382
      @clearvaluetax9382  4 місяці тому +1

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

  • @123hhww
    @123hhww 4 місяці тому +9

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

    • @clearvaluetax9382
      @clearvaluetax9382  4 місяці тому +2

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

  • @funnygirl3351
    @funnygirl3351 4 місяці тому +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 місяці тому +2

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

  • @rosebloom2518
    @rosebloom2518 4 місяці тому +1

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

  • @mariboy887
    @mariboy887 2 місяці тому

    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 місяці тому

    very informational video, thank you!

  • @lottetimes
    @lottetimes 4 місяці тому +2

    I used to do the 1040 EZ form for years

  • @lunamorris2091
    @lunamorris2091 26 днів тому

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

  • @mariellahendricks4809
    @mariellahendricks4809 2 місяці тому

    This tutorial was awesome! thank you so much!

  • @DrineThePoet
    @DrineThePoet 4 місяці тому +1

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

  • @matthewluong9447
    @matthewluong9447 4 місяці тому

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

  • @SegaDisneyUniverse
    @SegaDisneyUniverse 4 місяці тому +7

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

  • @bvisko7
    @bvisko7 3 місяці тому

    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...

  • @abiwoods101
    @abiwoods101 2 місяці тому +1

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

  • @bmanisap1
    @bmanisap1 4 місяці тому +2

    Thank you so much for the great info!!

  • @Curanderaa
    @Curanderaa 4 місяці тому +3

    The visuals are so helpful 😮❤

  • @HaMou261
    @HaMou261 4 місяці тому

    You're the man ! Thanks 👍

  • @dsaavedra1626
    @dsaavedra1626 4 місяці тому +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 місяці тому +3

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

  • @Keepitlope
    @Keepitlope 4 місяці тому +1

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

  • @gladyspanisello888
    @gladyspanisello888 3 місяці тому

    Thanks for your information is very importante for everyone

  • @user-py7wp6nw9h
    @user-py7wp6nw9h 4 місяці тому

    awesome, as always!

  • @movang3053
    @movang3053 4 місяці тому +1

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

  • @MsPetraThao
    @MsPetraThao 4 місяці тому +2

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

    • @clearvaluetax9382
      @clearvaluetax9382  4 місяці тому

      Thank you for all the support and welcome pajkubthoj!

  • @CasitaQuetzal
    @CasitaQuetzal 2 місяці тому

    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 UA-cam channel that is was simple

  • @a1parra
    @a1parra 4 місяці тому

    Thanks again Brian

  • @myaadams5738
    @myaadams5738 4 місяці тому +1

    Doing them tonight wish me luck

  • @jannely9217
    @jannely9217 4 місяці тому +3

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

  • @brijeshdesai8375
    @brijeshdesai8375 4 місяці тому

    Very good information ..thx

  • @MidnightToker_98
    @MidnightToker_98 4 місяці тому +1

    Hi Brian, happy Friday bud!

  • @Journey2Destinations
    @Journey2Destinations 4 місяці тому +1

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

  • @joeldrummer23
    @joeldrummer23 4 місяці тому

    May have to check em
    Out

  • @eagler8196
    @eagler8196 4 місяці тому +7

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

    • @joegonzalez1941
      @joegonzalez1941 4 місяці тому

      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 😢

  • @kamaal50762
    @kamaal50762 4 місяці тому +4

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

  • @shosilva14
    @shosilva14 4 місяці тому +4

    Honestly I feel way better after this video

  • @truce11
    @truce11 4 місяці тому

    Would love to see video for independent contractors

  • @soundofmetal
    @soundofmetal 4 місяці тому +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

  • @zainah3446
    @zainah3446 4 місяці тому +1

    Amazing content thanks

  • @SWB_mike
    @SWB_mike 4 місяці тому +1

    Can you talk about 709 and how we can use them

  • @bobbyw1074
    @bobbyw1074 4 місяці тому +1

    Thanks Brian

  • @stevewashington2716
    @stevewashington2716 4 місяці тому

    Thanks man

  • @Wooster77
    @Wooster77 4 місяці тому +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 місяці тому +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.

  • @shannoncargo468
    @shannoncargo468 4 місяці тому +3

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

    • @clearvaluetax9382
      @clearvaluetax9382  4 місяці тому

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

  • @sunnyboy8860
    @sunnyboy8860 4 місяці тому +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

  • @buckdaily8288
    @buckdaily8288 4 місяці тому +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

  • @yeriel6
    @yeriel6 4 місяці тому +1

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

  • @shreetamsheregar1428
    @shreetamsheregar1428 3 місяці тому

    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 ?

  • @gardengirl6636
    @gardengirl6636 3 місяці тому

    Thanks!

  • @cl8045
    @cl8045 4 місяці тому

    Can you do one for self-employment

  • @Fernando-jp7lk
    @Fernando-jp7lk 4 місяці тому +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.

  • @reeseb3545
    @reeseb3545 4 місяці тому +1

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

  • @click0915
    @click0915 4 місяці тому +1

    Great video.

  • @lillianmvargaso4960
    @lillianmvargaso4960 4 місяці тому +1

    ❤❤❤ Thank you.

  • @JoeT.1960
    @JoeT.1960 4 місяці тому

    Thanks

  • @jeanniearnett3948
    @jeanniearnett3948 4 місяці тому +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??

  • @InvestInTime
    @InvestInTime 4 місяці тому

    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?

  • @vin1234567891
    @vin1234567891 3 місяці тому

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

  • @johnwright7782
    @johnwright7782 4 місяці тому +6

    Any word on the $3600 child tax credit?

  • @esmealameda6105
    @esmealameda6105 4 місяці тому +1

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

  • @nucreation9833
    @nucreation9833 4 місяці тому +1

    How can we pay for your accounting services ?

  • @nicolenurczyk1595
    @nicolenurczyk1595 4 місяці тому

    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.

  • @veronicagalvan3591
    @veronicagalvan3591 3 місяці тому

    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.

  • @unknown183
    @unknown183 4 місяці тому +1

    I'm surprised you didn't bring up the 1095-A form.

    • @gregorycyr9272
      @gregorycyr9272 4 місяці тому

      I have that to.ACA

    • @dannyceledon3618
      @dannyceledon3618 4 місяці тому

      Now that is mention I just received it. I also had the B and C copy(A had it stop by the middle of the year, due to cannot have Gold tier heath insurance with silver tier and hsa offer by employer)

  • @JB-dj7er
    @JB-dj7er 4 місяці тому

    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

  • @jillspears6331
    @jillspears6331 4 місяці тому +1

    This is great info that I wish was taught in schools. Thanks for sharing your knowledge with people!
    I used to pay someone $300+ to file taxes. About 5 years ago, I started doing them myself. It’s fairly simple. Saves so much money!

    • @clearvaluetax9382
      @clearvaluetax9382  4 місяці тому +1

      Oh my goodness, it’s always so wonderful to see you Jill!

  • @user-hu3tx8vl7w
    @user-hu3tx8vl7w 4 місяці тому +1

    Nice video

  • @iceburgslim1959
    @iceburgslim1959 4 місяці тому

    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?

  • @GarrettSAlston
    @GarrettSAlston 4 місяці тому

    Hey you for forgot USAP or "Unacknowledged Special Access Programs" and Black Budgets!! Ghost money, if you will!! Real talk&Nuff Said!! Thurl G money( 2 of my many nicknames combined) Much love and happy through (out) year to all, especially to my fellow vets and those still serving in theatres worldwide and in space!! Ghost, roger out, peace and Adios!! ❤🎉😮😢😊

  • @brittanydw1148
    @brittanydw1148 4 місяці тому +6

    Could you cover how to do crypto taxes or how to how for an accountant that does crypto taxes

    • @yaaduwalker4116
      @yaaduwalker4116 4 місяці тому

      I lost money in crypto and stocks I know I don’t pay taxes on losses but I’m wondering, do I file?

  • @its4electric
    @its4electric 4 місяці тому

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

  • @KelsiMcConnell
    @KelsiMcConnell 4 місяці тому +5

    Any update of child tax credit?

  • @Alexander-fz7sd
    @Alexander-fz7sd 4 місяці тому +2

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

  • @timothy7754
    @timothy7754 4 місяці тому +1

    Thank you

  • @ericavenarius5370
    @ericavenarius5370 4 місяці тому +4

    If you have a llc biz, can you offset crypto gains with deductions from your biz? thnx Brian!!!

  • @Dappp66
    @Dappp66 4 місяці тому

    Can we please get one for self employed

  • @VovanCBR
    @VovanCBR 4 місяці тому

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

  • @NuclearChicken42
    @NuclearChicken42 4 місяці тому +1

    Thank you for this video Brian!

  • @fadisalem2710
    @fadisalem2710 4 місяці тому +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 місяці тому +1

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

    • @clearvaluetax9382
      @clearvaluetax9382  4 місяці тому +2

      If it doesnt touch your hands it’s direct.

    • @MissAprilCakes
      @MissAprilCakes 4 місяці тому

      @@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

  • @PJMedLife
    @PJMedLife 2 місяці тому +1

    honestly they should teach this in high school

  • @Mandy-cd4xs
    @Mandy-cd4xs 4 місяці тому

    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.