Category: Taxes
Investopedia Video: What is a Municipal Bond?
Municipal bonds are made to be more attractive to the buyer by making them 3 times exempt form taxes. Municipal bonds are debt interest which promises to pay the coupon rate. These bonds are used to make local innovations like schools
Why We Pay Taxes
Explains the various things that taxes fund; gives an example of the free rider problem when the government is not able to collect taxes
Why Pay Taxes?: Your Dollars at Work
Gives a brief history of taxation in the U.S., how we are taxed and what are taxes being used for
Tax Deductions vs. Tax Credits
Explains the difference between tax deductions and tax credits by using a mathematical example
Tax Deductions vs. Tax Credits
Explains the difference between tax deductions and tax credits by using a mathematical example
Tax Deduction vs Tax Credit
Explains the difference between tax deductions and tax credits when it comes to lowering how much taxes you pay
How Do My Witholdings Affect My Tax Return
Explains what tax witholdings are, and how tax witholdings determine whether you owe money to the IRS or you receive a tax refund during tax season. Explains why a large amount owed or a large refund is not optimal tax planning. Offers advice on adjusting tax witholding when changes occur in your life during the year
How Your Paycheck IMPACTS Your Tax REFUND – Tax Witholdings FULLY Explained
Uses the W-4, paystubs, the W-2, and the 1040 tax form to describe the tax witholding process
Taxes : CPA vs Turbo Tax || Life With Sarah
Explains how tax software is good for those with simple tax situations, while CPA’s are good for complicated tax situations. Gives details about interacting with the IRS and CPAs. Note that near the end of the video, talk of the main subject starts to taper off
Should You Do Your Taxes Yourself Or Hire A Tax Preparer? #AskTheMoneyGuy
Explains how a CPA can help if you have a complicated tax situation and if you being audited by the the IRS. Includes sections on preparing taxes by hand and preparing taxes using software. Note that not every tax preparer can represent you in an IRS audit; CPAs are special in that they unlimited representation rights