How To Maximize Tax Deductions And Keep More Of Your Money
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- Опубліковано 4 лип 2024
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Another helpful and confirming video! Thank you Ray, really appreciate you sir!
You're welcome!
Awesome video. Keep up the good work.
Thanks Justin! You too sir!
@@bulletproofhandyman you are very welcome.
I need to look into getting a CPA soon.
Probably. I highly recommend it
Great video. I am ignorant when it comes to taxes. So, when I elect to hire a CPA, they should already know and implement all this, right? I don't like the idea of just trusting that a CPA will do all the right things to keep my taxes as low as possible so I'm gonna do my research into Tennessee Business Tax Laws. Thanks, Ray, you've given me more things to think about.
Most of what I listed here is very standard and should be automatically on the table. However, not all. CPAs are super motivated at their job just like not all people are motivated at whatever their job is.
@bulletproofhandyman You're right. I had a tax for 20 years. She was great. When she retired she handed the business over to a younger lady who messed up my taxes 2 years in a row so I found someone new. When I get my LLC up and running (I'm about to start the Masterclass) and I look for a CPA, I'm putting together some questions for them. I wanna know that they are on top of things. Because peace of mind is worth every penny.
So, with the ‘Home Office’ deduction: does that include 15% of your mortgage? Or only ‘utilities’?
15% of the interest you pay on your mortgage, which is quite significant at the early stages of a 30 year mortgage since most of your payment goes to interest.
@@bulletproofhandyman Thanks - appreciate your work!