Understanding Taxes for Beginners w/ America's Leading Tax Strategist

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Many people are new to the world of taxes and they do not understand the basics of the US tax system and how to pay taxes correctly. Unfortunately, a lack of tax knowledge can lead to many negative consequences such as failing to file correctly, missing out on key deductions, and credits, and more.

In this video, tax expert Karlton Dennis explains everything that beginners need to know about taxes in order to file their tax returns and pay the amounts that they owe to the government. He walks the viewer through an explanation of taxes, how the US tax system works, deductions, credits, and more.

Normally, Karlton discusses advanced tax topics and breaking tax news. However, in this video he goes back to basics. This video is ideal for anyone who is a beginner when it comes to understanding taxes. So, if you want to learn more about taxes for beginners, then this video can potentially be highly beneficial for you.

CHAPTERS:
0:00 Intro
0:28 How Does the U.S. Tax System Work
1:41 How Are Income Taxes Calculated?
3:18 What Are Tax Deductions?
5:34 Tax Credits Explained
7:06 Business Taxes vs Personal Taxes
8:00 How to File Your Taxes
9:12 Subscriber Question!
10:01 Outro

*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.

#taxesexplained #taxesforbeginners #karltondennis