How Do Itemized Deductions Work? Tax Write Offs Explained

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How do itemized deductions work anyway? Have you ever wondered what people mean when they say tax write offs? Or, have you ever been too scared to use itemized deductions on your income taxes because you didn't understand them? In this video, Justin covers the basics of using itemized deductions, what you can claim, what you can't claim, and how it works in general so that you can have a better understanding of how itemized deductions work. #taxes #incometaxes #itemizeddeductions

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▼▼▼▼ HELPFUL LINKS FROM THE VIDEO▼▼▼▼
Form 1040, Schedule A (for claiming itemized deductions): https://www.irs.gov/pub/irs-pdf/f1040...

IRS Sales Tax Deduction Calculator (for estimating sales tax that can be claimed if no receipts are available): https://apps.irs.gov/app/stdc/

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The thoughts and opinions expressed in this video are intended for information and entertainment purposes only. Justin Conroy is not a licensed and/or registered investment advisor and the content discussed is not intended to be investment advice. Seek a duly licensed professional for investment advice.