Standard Deduction vs. Itemizing in 2022

Which to choose Standard deduction or Itemized deductions?
The right tax decision may save you a bundle in income tax.
It all changed with the Tax Cut Act of 2017.

Check out my Amazon Best Selling Book Beyond Money -

Learn how to figure out what is best for you.

#taxes #itemizeddeductions #incometax #taxplanning #retirementplanning

[dianajimenezjohnson]

Great video, very clear and helpful :) Thank you!

[natalieleonx]

I was stuck not his part while filing my taxes and this helped me understand! Thank you very much

[jacobhernandez]

Awesome explanation I am a associates student in finance . tax can be complicated but once you get familiar with the “definitions” if you will, you can see how it works quite nicely . Thank you very much SUBSCRIBED

[ImGeoX]

At 9:00 i think you meant to say they'd be better if doing itemized deductions since it is higher. 14k vs 12k

[mmaarrccoo]

This was wonderful and helpful. Thank you

[nealhere]

Super clear explanation. Hope you have a prosperous 2022.All the best neal SW fla

[wallywally]

You did very good job explaining to common people like me ✋

[MRMR]

Thank you sir . Your video helped me a lot!

[kentanderson]

Thanks, that was helpful. Added a little detail that I was missing.

[SM-texm]

Thank you for the clear explanation. Very helpful.

[stacyjohnson]

Thank well explained. What about student loan interest... can you deduct that??

[younggdrippp_aka_dripppyyy]

Much thanks for a Full and detailed Explanation 👍

[tulio]

good video thanks, on the mortgage interest and property taxes, this is only for the house where you live, not for a home you own but rent ? thanks

[B-chuk]

I'm debating whether to take the standard deduction or to itemize on my mortgage interest. Someone told me to itemize only if I had a million dollar house - otherwise take the standard deduction. Do you agree?

[trexy-]

How would you provide receipts from purchasing inventory from places you don’t receive receipts from? etc. Yard sales, Facebook marketplace meetups

[TradgerFarms]

You could also add personal business expenses to these correct?

[CARLOSGONZALEZ-kqod]

Hi brad what about union dues Are they 3k a year deductible they take a percentage every check

[killereyes]

I got a question? I bought a new truck for my personal use which in total is 48k can I claim a itemized? If is, what document I should bring to the place I do my taxes?

[pandayoung]

Hello, My standard deduction was 12400 and I dont have medical or mortgage or anything you just said but I do a 50$ donation tours children with cancer. My question is do we claim that money or how much would I be receiving?

[Outandbackhiking]

What about if your an full time employee and make money in a personal side business?