Understanding Your Income Taxes

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Ladder Up is a Chicago-based non-profit. Through our Tax Assistance Program (TAP) we provide free tax preparation services to over 10,000 low and middle income clients each year. Learn more at goladderup.org.

For more information on different types of income, please visit:
http://www.irs.gov/taxtopics/tc400.html

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Comments

Heather Erickson says:

The income tax is outside the jurisdiction of the 50 states. The United States meaning in the IRC code states The United States means DC, Guam,Peurto Rico, the Northern Marina Islands. Not within the 50 states.

Tigre 69 says:

I have a question.
I have a house with my wife and we just got divorced,but we want to live together for a while before selling the house,I would like to know if I can declare property taxes in half or not,as we now have to declere this years taxes as single.
Thank you.

Apoorva Jain says:

Really nice explanation
To calculate Federal taxes , FICA , refund amount – there is a great android app . It has latest tax rules for 2018 and 2019.
http://play.google.com/store/apps/details?id=com.techaj.incometaxcalculatorus

Purohit praveen says:

Great work!!
Thanks for making the videos.
Let me know if you have video on form 1099 misc. thanks again

biapiaxyzia says:

very informative. thank you!

MRWizKers channel says:

why can we just trade no money

MRWizKers channel says:

how come schools don't teach me this but I know the how many atoms are in a proton wtf

Sunny shah says:

Why did i not learn this in the 12 years i spent in school
would have been more useful than knowing that mitochondria is the powerhouse of the cell

Fatou Sawadogo says:

Wow! thank you, you are so funny too

Операция Ы says:

Being sprayed with toxic and poisonous chemical trails, please advise how to deduct the damage to our health and cost of the expensive medications, and medical procedures from the tax declaration to the King and The Queen of the Fu King Assess Hole?

James Smith says:

thanx im in the know now

Sorcerer Vaati64 says:

It would of been nice if u made an example.
Btw does getting refund from financial aid for university have an impact?

Odinfang says:

I’m 25, got my first w2 today. Was a bit scared. Thanks for the info.

Ben Parish says:

Thank you for taking the time to do this! Awesome video!

Sarah K says:

I hate taxes. I just work to pay my taxes is bullshit. Half pay out in bills.

Sarah K says:

Why not get taxes back? Working full time, i tell i am not get back make to much ?

MLDS U says:

How about working student?

Nany Ala says:

I listen to this video everytime I go to tax prep training is very helpful. Thanks

Brian says:

tax is theft ICCPR – 2. All peoples may, for their own ends, freely dispose of their natural wealth and resources without prejudice to any obligations arising out of international economic co-operation, based upon the principle of mutual benefit, and international law. In no case may a people be deprived of its own means of subsistence.

Lisa Holmes says:

If you have w-2 from to fill out taxes for the it tells how much you made through the year.

being employed with a company that pays you a check.

If you are a corporate that has many companies and employee an account would handle all recorded money that all that is employed with the companies

sometimes they have their own tax person each year they go over the budgets
of money.

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Divine Justice says:

omg thank you so much for this I'm 26 and this is the first time someone actually educated me on how to properly do my taxes and what everything means. really appreciate this 😁

Maritza Ventura says:

I loved your video!!!! I understood everything you said, you are a great teacher.

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