Best Tax Breaks: 12 Most-Overlooked Tax Breaks & Deductions (2021)

12 Most-Overlooked Tax Breaks and Deductions!
Will you miss these tax breaks during the tax season?
How much money will you be paying in taxes this year?

Hopefully, the lowest amount legally possible!

To help you do just that, I’ll be going over the 15 most overlooked tax breaks you can take today.

The more tax deductions and credits you get, the more money you get to keep.

So, hold off on filing your taxes until you've gone over this entire list because there is a money-saving tax break here for everyone.

[gloriadelpozo]

Excellent content and clarity of your explanation :)

[YanilleCastillo]

Great content and information thanks for your wisdom and time

[mymichel]

First time to your channel. Great content 👌🏽

[beyondartists]

Very professional and informative video.

[rwbye]

Thanks for your thorough information !

[FernieKisses]

This was THE BEST! Quick. Fast. Simple. 🤩

[rtanaka]

Excellent content, and fantastic production quality. Keep it up!

[RobinSmith-xmyg]

Pretty awesome information and clarity. Question: Can a homeowner claim tree removal expenses for safety hazard purposes? Ex. Decaying tree of fallen tree branches causing roof damage and endangering occupants of property? Total cost of tree removal $4000 from a licensed contractor.

[garmontharvey]

does number 12 only work for itemized deductions?

[komradkyle]

Basically your PMI and Mortgage interest + IRA and HSA + Daycare have to be greater than 24k for the itemized deduction to make sense vs the Standard? for married filing jointly

[ninagoodday]

The medical deduction is only if itemized, correct?

[pattoney]

Great job!! Question about PRO TIP discussed at 02:36. Houesehold expenses for cooking or cleaning as qualifying expense. Facts: A taxpayers family has an older child (18-19 year old) that 1. lives in taxpayer's home; 2. the older child files their own individual tax return, and 3. the older child is not considered a dependent on the taxpayers return. Question: Can the taxpayer get qualifying expense on that credit if they pay the older child for cooking and cleaning services to care for younger siblings (under 13). Thank you again.

[simonemorgain]

You said $300 charitable deduction, without itemized deductions, in 2021. Did you mean during 2020?

[angelface]

I am a sole proprietor how do I categorize the funds that I have deposited from my personal account to my sole proprietor business account to keep my business afloat?

[M_EYESTORY_OURSTORY]

I'm trying to donate a lot of non cash items up to about 4000 my ? Is how much I get back

[baovu]

Everything phase out for high earners. You don't pay your fair share says the government. Sheesh.

[tonybreez]

Question if your business helps businesses gain profits how come you claim this video is for entertainment purposes only shouldn't you stand by your work