5 Crazy Tax Deductions You NEED To Know About – The Credit Shifu

by YouTube Team

🚨Big thank you to Ethos for partnering with me on this video. You can get a personalized insurance quote in 10 minutes for as low as $10/mo by using my code here:
In this video we look at a load of tax deductions that you need to know about, from the G Wagon deduction to employing your kids, to tax free hot tubs. There is some really useful stuff in here, but do check with your CPA first, before you try any of these methods, this is not financial advice, its just for your entertainment.

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29 comments

Juan Mondragon February 10, 2022 - 4:45 pm

I'm not gonna say Im first even though I am

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Juan Mondragon February 10, 2022 - 4:45 pm

The video was great by the way. Thank you!

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Denny Rosario February 10, 2022 - 4:50 pm

Great video, 6:34 broo 🤣🤣🤣

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who is making the claim? February 10, 2022 - 5:10 pm

is someone claiming one is required to "pay" taxes?

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Anthony Purpura February 10, 2022 - 5:12 pm

Hudson valley representation! Great examples 😂

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Steve Evelyn February 10, 2022 - 5:32 pm

️I'm so excited 😊 my life is totally changed. I've been earning $10,250 returns from my $4,000 Investment every 13 days

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piskooooo February 10, 2022 - 5:35 pm

you give better advice than most financial advisors i've met 😆

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Leiquan Trice February 10, 2022 - 5:55 pm

Thank you for the help Ben!

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Moon February 10, 2022 - 6:08 pm

That’s funny… I don’t recall any tax breaks in my check when I was a kid working after school jobs. Hell, when I worked for Acme bagging groceries even the Teamsters took themselves a slice. That’s going back 28 years though.

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JCN February 10, 2022 - 6:51 pm

Learning and Laughing my favorite things to do everyday. 😂Thank You for this video

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Amal February 10, 2022 - 6:53 pm

U should try to do kinda videos like this and diversify your videos .😺

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Career Daddy February 10, 2022 - 7:15 pm

Can someone please reference the robert kawosaki video that was briefly shown here? Thanks.

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Ernie Leyba February 10, 2022 - 7:23 pm

great info here, thanks ben!

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Ocean Medical Clinic Cosmetic Dermatology February 10, 2022 - 7:58 pm

Best video that you have made in a long time (compared to your credit card videos which are informative but not as helpful). LOVE IT!!

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Jockstraps Save Lives February 10, 2022 - 8:10 pm

🚨 This was SUPER USEFUL for my personal swing trading LLC. Thank you Ben👏🏼 👏🏼

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Ocean Medical Clinic Cosmetic Dermatology February 10, 2022 - 8:18 pm

Thanks on the info on section 179. I always thought the cap was twice the amount of the $26k on the first year, not the entire amount. And this year is the last year to do that?

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Ocean Medical Clinic Cosmetic Dermatology February 10, 2022 - 8:19 pm

All your recommendations are excellent!!!

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harsh shah February 10, 2022 - 10:43 pm

Can u make a video on IUL insurance ?

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Jongwoo Kim February 10, 2022 - 11:07 pm

very well informed ben

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Shelley McCarthy February 11, 2022 - 5:10 am

Great video

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Alan Herrera February 11, 2022 - 3:52 pm

Hey Ben, loving the new content and direction of the channel. Keep it up!

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Tbagstealer February 11, 2022 - 11:54 pm

I like the content but full life insurance is just financially irresponsible. I understand its an ad but no one should actually be signing up for this policy for actual financial investment purposes

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Darin Carter February 12, 2022 - 2:05 am

Hit me in the back but not too hard but leave a bruise … ROFLMAO !!!!

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Noah Harber February 12, 2022 - 9:46 am

I would imagine the Hummer EV qualifies for the "G wagon deduction"

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MXCraftDimension February 12, 2022 - 10:02 am

what happened to you and generation tech

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Sky High Mike February 12, 2022 - 10:26 pm

Thank you

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Daniel R February 13, 2022 - 3:32 am

Crazy to hear my city mentioned in a video like this.

People renting their homes for the Masters make crazy money. I used to live less than a mile from the public gate and one year someone offered us 10k just to park in our driveway for the week.

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jodirt2k7 February 13, 2022 - 1:39 pm

Can get tax deduction if they have ira account?

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Toby Real February 13, 2022 - 10:10 pm

Wow the hot tub is new to me ! A question I always ask and nobody seams to know the user to is…. how long to you have to keep the 6k LB car for? .. might be the right question for a CPA.

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