What are Tax Write-Offs? Tax Deductions Explained by a CPA!

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People are paying WAY too much in taxes because they are missing out on Tax Write-Offs.

More than 2 million people overpay on their income taxes every year. And many are missing out on tax deductions that can LEGALLY lower their tax liability.

In today's episode, I am going to give you the BEST explanation of tax deductions so you DON'T miss out on another tax deduction again.

Outline:

Intro: (0:00)
How Taxes Work: (1:45)
How the Standard Deduction Works: (2:40)
Types of Tax Deductions: (3:20)
What are Business Tax Deductions?: (3:40)
How Business Tax Deductions Work: (4:50)
Misconceptions about Tax Deductions: (6:19)
How to Take Business Tax Deductions (8:10)
Recap: (11:00)
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This video should be required for every High School and College student.

mikeharlach
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so funny... he explains everything in perfect order. and as I'm following along like... "Whats a tax credit though?" its the next thing.
Perfectly explained!

Hoody
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So professional and so clear- thank you and your wife both for this wonderful work of yours 🥰🥳 bless you! Subscribing from all my 4 devices 🙏

yourfriend
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This video explanation flows perfectly with the way I learn. Thank you!

freeexpress
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I really appreciate you putting this series of videos together. Thanks!!!

NeshiaBonita
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This was well made. Thank you so much, very effective and easy to follow.

evolvewithmarcello
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just letting u know I learn & understand more from u in one video than I ever understood in all 4 years of school as an accounting major

Monicamojito
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This is a great video. Thank you so much for sharing this. Great breakdown, thanks!

diegogodoy
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Grown man of 40 here. Embarrassed I didn’t know these things. Thankful for your work. Liked and subscribed.

DRMegaone
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Wow this is the first time I’ve really understood tax deductions. So we’ll explained!!

gracejohnston
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Very informative. Thank you for the top quality information. Keep ‘em coming 💪🏽

Wavychronicles
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Did that was incredibly informative.. and you talked in way that was understandable and relatable. You genuinely provided some great value!

porkchopcreative
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Baller ass video, Sherman! I just started a small business and all this was helpful. Super clear and concise, thanks. Liked and subbed!

FilthGnasty
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This is an awesome channel! Keep doing your thing, brother.

harrisonbailey
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Very well made and easy to understand. Subbed !!

piv
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This is tremendously helpful! Thank you!

TheSparkisLove
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Great vid bro! Thank you for the explanations! 🙏🏽

dudederrick
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GREAT WORK Sherman! I learned so much. You earned my sub. Thank you

severtone
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Y'all will have a big channel someday. Keep it up.

rtanaka
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Thank you ! This has been so helpful as a freelance performance artist

abbigailarevalo