Top Tax Breaks & Tax Deductions for 2023 and 2024 Taxes Explained

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In this video, Colin Exelby, CFP®, reveals the top 24 tax deductions and tax credits that you can potentially take advantage of this tax season.

Maximize your tax savings with this quick guide to 2023 and 2024's key tax deductions and credits. This video breaks down complex tax concepts into easy-to-understand strategies, ensuring you pay only your fair share of taxes.

Whether you're a homeowner, student, or self-employed, learn how to leverage deductions like mortgage interest and educational credits to reduce your taxable income significantly. You'll also learn the importance of tax credits for retirement savings and energy-efficient home improvements. Designed for taxpayers seeking straightforward advice, this video empowers you to make savvy financial decisions that can lead to substantial savings.

#taxes #taxdeduction #taxplanning #taxsavings

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[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.

I provide financial planning for business owners and their families that makes sense.

Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.

We strive to help you:
*Optimize Your Cash Flow
*Minimize Your Taxes
*Build Your Net Worth
*Create a Lasting Legacy

Do you watch Dave Ramsey, Robert Kiyosaki, Grant Cardone, Gary Vee, Graham Stephan, Meet Kevin, Ryan Scribner, Replace Your Mortgage, Project Life Mastery, Russel Brunson, Alex Becker, Tanner J Fox, Refusing to Settle, Dan Lok, Jeff Rose, Tai Lopez, Bigger Pockets, or Pat Flynn? Then you'll love our channel! Be sure to subscribe and I'll see you in the comments!

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Tax planning enhances any financial plan and can make a good plan great.

davidfolts
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Single people who make over $100k with no kids or home are screwed.

joeblow
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Pointless video like this makes tax preparation more confusing to regular people.

udaykhatry
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When 95% of Americans take the standard deduction...

KatieLibby