As you prepare to file your taxes, you will want to understand how your taxes are calculated to ensure you are making the most of your tax situation. There are different types of income, tax rates, and the progressive tax structure of the United States tax code.
Zacc Call goes over how to simplify the taxation in America and where they may be some opportunities for you as you plan your tax filings.
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⏰ TIME CODES ⏰
0:00 Intro
1:00 Tax Equation
3:05 Progressive Tax Brackets
6:40 Retiree Tax Situation Realities
9:55 Ways to File Relationships
13:59 Different Types of Income
16:46 Long Term Capital Gains
19:20 Tracking Lots
24:01 Long Term Capital Gain Rates
28:30 Qualified Dividends
32:04 Interest Income
34:21 Unrealized Capital Gains
38:35 Standard vs Itemized Deduction
42:01 Charitable Giving
46:34 Final Summary
50:13 Modified Adjusted Gross Income
52:23 Giveaway
54:08 Where to get help
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#tax #taxplanning #taxes #retirementnerds
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