New Tax Laws in 2024 Explained (WATCH BEFORE FILING)

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2024 NEW TAX LAWS EXPLAINED! (WATCH BEFORE FILING) 2024 TAX REFORM 2024 FEDERAL INCOME TAX RULES
Its tax time again! There are new laws and things to consider while filing for 2024! #Taxes, #Incometax #tax 2024 Federal Income Tax Rules!

** Disclaimer: I am not a CPA or tax attorney, I am just a random guy on YouTube that enjoys talking and likes looking at ways to make and save money, so please do not take this as legal, professional, or tax advice; this is for solely for entertainment purposes only and when filing your taxes always consult a professional. **

Also depending on where you live don’t forget about your state income taxes as well.

In this video I will cover the following…
• 2024 federal income tax bracket rate
• Capital gains tax rates 2024
• Standard deduction 2024
• Child Tax Credit 2024
• American Opportunity Tax Credit 2024 (Education Credit)
• 401k contribution limit increase
• Social Security Cost of Living Adjustment (COLA 2023)
• Gift Tax Rate 2024
• 2024 Health Savings Account (HSA) contribution limits
• Earned Income Tax Credit 2024
• Beneficial Ownership Reporting Requirements
• IRS Interest rates increase
• Form 1099K reporting

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As updates come out, I will be sure to share.
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