Biggest Tax Write-Offs to Maximize Your Savings

Tax deductions are a major part of an income tax return, but do you know what you can write-off? In this informative video, Mark Steber (Jackson Hewitt’s Chief Tax Information Officer) explains who needs to file a tax return, what’s on a tax return, what tax deductions and credits are, what’s considered taxable income and isn’t, as well as common tax write-offs for this tax year.

Here's what we cover in this video:
- 00:33 Why work with a tax expert
- 1:22 Who needs to file a tax return?
- 2:16 Benefits of filing a tax return
- 2:43 What’s on a tax return?
- 3:26 What is a tax write-off or deduction?
- 4:41 Standard deduction vs. itemizing
- 5:09 Common tax deductions and education expenses
- 6:26 Are self-employment expenses tax deductible?
- 7:53 Are Health Savings Accounts tax deductible?
- 8:25 Are charitable donations tax deductible?
- 9:02 Are there write-off changes for this year?
- 9:54 How to keep good tax records
- 11:24 What is taxable income?
- 12:11 What is not taxable income?
- 12:48 What are tax credits?

Don’t get overwhelmed with your taxes. Watch this video and you’ll gain the knowledge and strategies you need to help before you file your tax return this year.

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