Fearless Tax Decision: Itemized or Standard Deductions?
In this video, we'll guide you through the decision of choosing between standard or itemized deductions for your taxes. Understand the differences and make the right decision for your tax return! Don't let filing taxes be a scary process. Watch now to become a fearless tax pro.
Don't forget to like, share, and subscribe for more informative content on entrepreneurship and finance.
#taxation #payment #entitytypes #business #financialmanagement #taximplications #income #profits #taxes #entrepreneurship
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Timestamps
00:00:18 - Welcome
00:00:34 - Introduction to Tax Tip Tuesday
00:00:59 - Explaining Standard Deduction vs. Itemized Deduction
00:01:44 - Standard Deductions for 2023 vs. 2024
00:02:18 - When to Choose Standard or Itemized Deductions
00:02:53 - What Can Be Included in Itemized Deductions
00:04:17 - Explanation for Why Some Deductions May Not Be Taken
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About us. Kimberly Ferguson is the face behind Emerald Expectations Accounting. She has a Bachelor’s Degree in Business Management, a Master’s Degree in Accountancy, and is an Enrolled Agent with the IRS. She is also a Certified CFO through the CFO Project. Founded on the principles of Integrity, Respect and Excellent Customer Care, Kimberly started her company because she hated the way she saw her clients being treated while working at another accounting firm. She wanted to serve small business owners in a way that actually made a difference in their lives.
-- DISCLAIMER – Kimberly Ferguson, Emerald Expectations Accounting LLC and related parties do NOT provide tax, legal, or accounting advice. This content has been prepared for information purposes ONLY and is not intended to provide and should not be relied on for tax, legal, or accounting advice. Viewing this video does NOT create an accountant-client relationship with Kimberly Ferguson or Emerald Expectations Accounting. You should consult your own tax, legal, and accounting advisors for professional advice.
#smallbusiness #smallbusinessowner #finance #financetips #outsourcedaccounting #cfo #taxtips #taxstrategy #taxstrategies #selfemployed
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