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Step-by-step instructions on how to claim exempt from withholding on the IRS W-4 form for employees. The W-4 form for 2024 is similar to the 2023 version in terms of the steps outlined in the instructions.
Learn the fundamental principles of tax exemption, including its definition, This video guides you through what it means to be tax exempt, as well as specific circumstances where individuals may qualify for this status. You'll also gain insights on the IRS W-4 form, the Employee's Withholding Certificate, a document used to determine the amount of income tax withheld from your paycheck. Learn how to claim exemption on your W-4 form, with clear, step-by-step instructions provided for filling out this important document. Understand rules when you should claim exemption, as well as the potential consequences of claiming exemption when you are not eligible. Finally, advice on keeping your W-4 form updated to reflect any changes in your income situation. Taxes 101 for beginners.
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RELATED VIDEOS:
How to Fill out an IRS W4 Form https://youtu.be/CyxgZuF4SRk
Top Tax Tips https://youtu.be/DPMJkeElKfM
How to do Taxes https://youtu.be/FStJxsODHzs
Getting Ready - What Documents you Need to File your Taxes https://youtu.be/PmRV5pGI2bU
How to Fill Out Form 1040 for 2022 | Taxes 2023 https://youtu.be/dXjHkaNOFBo
RELATED PLAYLISTS:
Taxes: https://youtube.com/playlist?l....ist=PL8ILVzj8ksWZk1Z
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Money Instructor is the leading source for financial education and skills development. For over two decades, we have been assisting educators, students, parents, and others in teaching and learning about money skills, personal finance, money management, investing, business, and career development. We provide resources and tools to help teachers, parents, and institutions teach these crucial skills to young people. By doing so, we also aim to reinforce basic math, reading, vocabulary, and other fundamental skills that are essential for success in life.
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#financialliteracy
Money Instructor does not provide tax, legal or accounting advice. This material has been prepared for educational and informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors regarding your own situation. Although the information has been researched and vetted beforehand, it may not be current at the time of viewing.
An overview of filling out the W4 tax form. Learn how to quickly and easily fill out the IRS W-4 Form, understand its purpose, and grasp its impact on your paycheck and annual taxes. Gain insights on accurately completing the form, the importance of updating it with life changes, and strategies for effectively managing your yearly tax obligations.
A lesson on managing your federal income tax, this guide focuses on understanding and completing the IRS W-4 form for 2024. It emphasizes the form's role in determining accurate tax withholding by your employer, crucial for preventing owing significant amounts at year's end. Key topics include detailing personal information like name, address, Social Security number, and filing status, crucial for accurate tax calculation. For those with multiple jobs or a working spouse, the guide highlights the importance of Section 2, where combined income is considered for correct withholding. Claiming dependents and other credits in Section 3 is another vital aspect, reducing the tax you owe. The guide also covers other adjustments in Section 4, allowing for deductions or specific additional withholding. Concluding with the importance of correctly signing and dating the form, it stresses updating the W-4 with any changes in your tax situation, like marriage or having a child, to ensure accurate withholding. Taxes 101.
?If you need more help with steps 2-4, see our more comprehensive guide to filling out the W-4:
➡️How to Fill out: https://youtu.be/2iwPv0L7SzM
Learn to navigate IRS Form W-4, focusing on handling multiple jobs, claiming dependents, adjusting deductions and other income, and utilizing the IRS Tax Estimator tool for accurate tax withholding.
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More Tax information and resources
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For more paying taxes lessons and lesson plans:
➡️https://www.moneyinstructor.com/taxes.asp
RELATED VIDEOS:
Top Tax Tips https://youtu.be/DPMJkeElKfM
How to do Taxes https://youtu.be/FStJxsODHzs
Getting Ready - What Documents you Need to File your Taxes https://youtu.be/PmRV5pGI2bU
How to Fill Out Form 1040 for 2022 | Taxes 2023 https://youtu.be/dXjHkaNOFBo
RELATED PLAYLISTS:
Taxes: https://youtube.com/playlist?l....ist=PL8ILVzj8ksWZk1Z
Visit us at MoneyInstructor.com ➡️https://www.moneyinstructor.com/
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Money Instructor is the leading source for financial education and skills development. For over two decades, we have been assisting educators, students, parents, and others in teaching and learning about money skills, personal finance, money management, investing, business, and career development. We provide resources and tools to help teachers, parents, and institutions teach these crucial skills to young people. By doing so, we also aim to reinforce basic math, reading, vocabulary, and other fundamental skills that are essential for success in life.
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Money Instructor does not provide tax, legal or accounting advice. This material has been prepared for educational and informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors regarding your own situation. Although the information has been researched and vetted beforehand, it may not be current at the time of viewing.
Learn how to use and withdraw money from an ATM. Beginner banking tutorial including safety tips and precautions.
This guide provides a step-by-step process for using an ATM, beginning with finding an ATM, and inserting your debit or credit card correctly. The guide explains how to enter your four-digit PIN and choose a transaction, such as withdrawing cash or checking your account balance. It also provides instructions on entering the amount, waiting for the ATM to dispense your cash, and taking your card and cash before leaving. Learn the importance of being aware of your surroundings, never sharing your PIN with anyone, and taking your receipt to show how much money you withdrew and how much is still in your account. Lesson presented in a fun and entertaining kid friendly way. ATM 101.
*Also Watch*
How to Deposit Cash into an ATM: Step-by-Step Banking Guide
https://youtu.be/aOEGuRU68hc
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More banking information and resources:
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For teaching banking lessons and lesson plans:
➡️ https://www.moneyinstructor.com/banking.asp
Visit us at MoneyInstructor.com ➡️https://www.moneyinstructor.com/
RELATED VIDEOS:
What is a Bank Statement? https://youtu.be/AIh2MYj_qsM
What is a Savings Account? https://youtu.be/pK4wOsCbrK4
What is a Credit Card? https://youtu.be/6YyDlijCC_0
WEBSITE: https://www.moneyinstructor.com
TWITTER: https://twitter.com/moneyinstructor
FACEBOOK: https://www.facebook.com/MoneyInstructor
Money Instructor is the leading source for financial education and skills development. For over two decades, we have been assisting educators, students, parents, and others in teaching and learning about money skills, personal finance, money management, investing, business, and career development. We provide resources and tools to help teachers, parents, and institutions teach these crucial skills to young people. By doing so, we also aim to reinforce basic math, reading, vocabulary, and other fundamental skills that are essential for success in life.
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Learn how to read and understand the IRS W2 Form, also known as the Wage and Tax Statement. It is an important document required for filing your taxes. We will step through the different boxes and sections that provide information about your earnings and taxes withheld by your employer during the previous year.
In this video, we explain and discuss the IRS W-2 tax form (W2) and its importance in filing taxes. Employers are required to send this form to employees and the IRS annually, providing details of earnings and taxes withheld from the previous year. The W-2 contains personal and employer information, including identifying details, taxable income, and withheld taxes. It also includes boxes detailing Social Security and Medicare taxes, tips earned, dependent care benefits, and deferred compensation income, among others. By understanding the impact of each box on taxable income, taxpayers can ensure the completeness and correctness of their tax returns. Information for whether you're a beginner or an experienced taxpayer.
For more help and information, including links to IRS 1040 Forms and Instructions:
➡️https://content.moneyinstructo....r.com/2887/how-to-fi
★ For more help with taxes we suggest TurboTax. ?https://content.moneyinstructor.com/ttaxstart
(This is an affiliate link and we may receive compensation if you use this service. We appreciate your support, as it helps us create more content for you). If your tax situation is complex, it is strongly recommended to use a tax filing software or seek the assistance of a certified public accountant (CPA) to ensure accuracy and compliance. Remember that every individual's tax situation is unique, so it is essential to consult the official IRS instructions when preparing your tax return on your own
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RELATED VIDEOS:
➡️Top Tax Tips https://youtu.be/DPMJkeElKfM
➡️How to do Taxes https://youtu.be/FStJxsODHzs
➡️Getting Ready - What Documents you Need to File your Taxes https://youtu.be/PmRV5pGI2bU
➡️What are Taxes? https://youtu.be/Uo0hCCWsdjs
➡️How to Fill Out Form 1040 for 2022 | Taxes 2023 https://youtu.be/dXjHkaNOFBo
RELATED PLAYLISTS:
➡️Taxes: https://youtube.com/playlist?l....ist=PL8ILVzj8ksWZk1Z
WEBSITE: https://www.moneyinstructor.com
TWITTER: https://twitter.com/moneyinstructor
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Money Instructor is the leading source for financial education and skills development. For over two decades, we have been assisting educators, students, parents, and others in teaching and learning about money skills, personal finance, money management, investing, business, and career development. We provide resources and tools to help teachers, parents, and institutions teach these crucial skills to young people. By doing so, we also aim to reinforce basic math, reading, vocabulary, and other fundamental skills that are essential for success in life.
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#W2
#incometax
#taxtips
#taxreturn
#taxfile
#taxpreparation
#taxtime
#taxes2023
#taxes2022
Money Instructor does not provide tax, legal or accounting advice. This material has been prepared for educational and informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors regarding your own situation. Although the information has been researched and vetted beforehand, it may not be current at the time of viewing.
In this video, we'll provide a basic step-by-step guide on how to fill out a W4 form, the Employee's Withholding Certificate, an important document for your employment paperwork. You'll learn about the different sections of the form, such as personal information, dependents and other credits, and adjustments to your tax withholding. The W-4 form for 2024 is similar to the 2023 version in terms of the steps outlined in the instructions.
An overview of W-4 Forms for employees. Understanding an IRS W-4 form is an essential step in ensuring that you're paying the right amount of federal income tax. The form is a critical component of your employment paperwork as it helps your employer determine how much federal income tax to withhold from your paycheck. It consists of several sections, such as personal information, claiming dependents, and making adjustments to your tax withholding. Also, it's crucial to update the W-4 form whenever your tax situation changes, such as getting married or having a child. By following the instructions carefully and providing accurate information, you can help avoid any surprises come tax time. Remember to fill out the updated 2023 W4 form, to avoid any discrepancies in tax withholding.
➡️ For MORE INFORMATION on STEPS 2-4: https://youtu.be/Prh1H0uaC88
Learn to navigate IRS Form W-4, focusing on handling multiple jobs, claiming dependents, adjusting deductions and other income, and utilizing the IRS Tax Estimator tool for accurate tax withholding.
More Taxes Information https://content.moneyinstructor.com/category/taxes
For paying taxes lessons and lesson plans:
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RELATED VIDEOS:
➡️Top Tax Tips https://youtu.be/DPMJkeElKfM
➡️How to do Taxes https://youtu.be/FStJxsODHzs
➡️Getting Ready - What Documents you Need to File your Taxes https://youtu.be/PmRV5pGI2bU
➡️What are Taxes? https://youtu.be/Uo0hCCWsdjs
➡️How to Fill Out Form 1040 for 2022 | Taxes 2023 https://youtu.be/dXjHkaNOFBo
RELATED PLAYLISTS:
➡️Taxes: https://youtube.com/playlist?l....ist=PL8ILVzj8ksWZk1Z
Visit us at MoneyInstructor.com ➡️https://www.moneyinstructor.com/
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Money Instructor is the leading source for financial education and skills development. For over two decades, we have been assisting educators, students, parents, and others in teaching and learning about money skills, personal finance, money management, investing, business, and career development. We provide resources and tools to help teachers, parents, and institutions teach these crucial skills to young people. By doing so, we also aim to reinforce basic math, reading, vocabulary, and other fundamental skills that are essential for success in life.
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#taxes
#W4
#incometax
#taxtips
#taxes2023
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Money Instructor does not provide tax, legal or accounting advice. This material has been prepared for educational and informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors regarding your own situation. Although the information has been researched and vetted beforehand, it may not be current at the time of viewing.
Learn step-by-step how to properly endorse a check. Covers everything from basic tips to methods like blank, restrictive, and third-party endorsements. Essential advice to ensure your money lands safely in your bank account.
A lesson on how to properly endorse a check for various situations, this video is your one-stop guide to making sure your money gets where it needs to go. You'll learn the basics of what it means to endorse a check and why it's still a crucial skill in this digital age. We'll go over essential tips like using the correct ink color and making sure your name matches the one on the check. From there, we'll dive into three main types of endorsements: blank endorsement, restrictive endorsement, and third-party endorsement. Learn how each method impacts the security and flexibility of how your check can be cashed or deposited. Plus, get important tips. Checking 101.
Banking Playlist
https://www.youtube.com/playli....st?list=PL8ILVzj8ksW
More banking information and resources:
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Money Instructor is the leading source for financial education and skills development. For over two decades, we have been assisting educators, students, parents, and others in teaching and learning about money skills, personal finance, money management, investing, business, and career development. We provide resources and tools to help teachers, parents, and institutions teach these crucial skills to young people. By doing so, we also aim to reinforce basic math, reading, vocabulary, and other fundamental skills that are essential for success in life.
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#checking
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Money Instructor does not provide tax, legal or accounting advice. This material has been prepared for educational and informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors regarding your own situation. Although the information has been researched and vetted beforehand, it may not be current at the time of viewing.
Learn the basics of how to withdraw money from the ATM machine in English. Includes tips to safely and efficiently withdraw money from an ATM, from inserting your debit card correctly to protecting your PIN.
A beginner's guide to withdrawing cash from an ATM. The topics we'll cover include the correct way to insert your debit card, the importance of shielding your Personal Identification Number (PIN), and how to navigate through the ATM menu to make a withdrawal. You'll also get tips on choosing between multiple accounts, like savings and checking. Plus, we'll discuss extra fees that could apply, the significance of confirming transactions, and the crucial step of retrieving your debit card after the transaction. Don't miss these essential tips that are not just for beginners but also for anyone looking to brush up on best practices for using the ATM machine for daily financial management. ATM 101.
*ALSO WATCH:*
How to Deposit Cash into an ATM: Step-by-Step Banking Guide https://youtu.be/aOEGuRU68hc
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More banking information and resources:
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For teaching banking lessons and lesson plans:
➡️ https://www.moneyinstructor.com/banking.asp
Visit us at MoneyInstructor.com ➡️https://www.moneyinstructor.com/
RELATED VIDEOS:
What is a Bank Statement? https://youtu.be/AIh2MYj_qsM
What is a Savings Account? https://youtu.be/pK4wOsCbrK4
What is a Credit Card? https://youtu.be/6YyDlijCC_0
WEBSITE: https://www.moneyinstructor.com
TWITTER: https://twitter.com/moneyinstructor
FACEBOOK: https://www.facebook.com/MoneyInstructor
Money Instructor is the leading source for financial education and skills development. For over two decades, we have been assisting educators, students, parents, and others in teaching and learning about money skills, personal finance, money management, investing, business, and career development. We provide resources and tools to help teachers, parents, and institutions teach these crucial skills to young people. By doing so, we also aim to reinforce basic math, reading, vocabulary, and other fundamental skills that are essential for success in life.
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#ATMtips
#banking101
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#financialliteracy
#financialeducation
#checking
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When to expect your October Social Security check. Learn the schedule, key dates and updates for October 2024 Social Security payments and how they affect retirees, SSI recipients, and those with disabilities. Discover helpful tips on managing your benefits, COLA, and staying informed about the latest updates.
In today's update, learn about the Social Security payment schedule for October 2024, including key dates for SSI, SSDI, and retirement benefits. Understand when to expect your payments, increases, and changes for retirement, SSI (Supplemental Security Income), SSDI (Social Security Disability Insurance), survivors, VA, and spousal benefits. We’ll cover how your payment date is determined, what to expect from the upcoming Cost of Living Adjustment (COLA) announcement. Whether you’re managing retirement benefits or need to know when your check will arrive, this guide helps you stay on top of your finances.
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Increasing Your Social Security Benefits by Eliminating Taxes | SSA, SSI, SSDI, VA
https://youtu.be/sSBMpWmeNg8
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What’s Changing with the Social Security SSI Application Process 2024-2025
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Are SNAP and EBT Benefits Really Ending? The Truth You Need to Know
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Social Security Benefits: How This New Bill Could Increase Your Income
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How to Protect Yourself After the Social Security Number Breach: Urgent Steps to Take Now
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Social Security Scam Alert | Protect Your SSI SSDI SS 2024 Benefits and Information
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Action Needed! Update Your Social Security Login Now | Important Online Access Changes
https://youtu.be/uXJlYp_Z-1E
New Social Security and Medicare Platform Plan: Updates and Changes | SSDI, SSI, VA, Senior Benefits
https://youtu.be/87DoJmBIEno
SNAP Payment Fraud Alert: Protect Your EBT card Benefits Now
https://youtu.be/flEVVzK8X9Q
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Retirement Playlist
https://www.youtube.com/playli....st?list=PL8ILVzj8ksW
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Money Instructor has been a leading resource in financial education for over two decades, empowering educators, financial advisors, students, parents, and individuals with essential topics in financial literacy. Our extensive coverage spans personal finance, money management, saving money, budgeting, investing, business fundamentals, taxes and taxation, Social Security, retirement planning, tax credits and refunds, economic stimulus checks and payments, as well as debt management—including credit card debt and interest rates. Additionally, we explore monetary policy, inflation, housing market trends, government legislation, political news, stock market dynamics, economic trends, improving credit scores, career development, housing and rent issues, and strategies for wealth building. By providing educational resources and tools, we help ensure you are well-informed and updated with the latest news and developments in these areas.
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Money Instructor does not provide tax, legal, or financial advice. This content is for educational purposes only and not meant as professional advice. Consult your own advisors for specific guidance. While the information provided has been researched and vetted, it may not reflect the most current legal or financial developments. Viewers are encouraged to verify the currency of the information, especially before making any significant financial or legal decisions.
Learn how to identify valuable $1 bills from 2013 with misprint errors and unique serial numbers that might be sitting in your wallet and could be worth up to $150,000. Discover the steps to verify their authenticity and potentially turn them into thousands of dollars.
In this guide, you'll discover how to spot rare $1 bills that might be hiding in plain sight in your wallet. Learn about the specific errors from 2013 that make these bills so valuable and understand the significance of serial numbers and star marks. We'll also dive into how these misprints occurred and what makes them a collector’s dream. Find out how to identify and potentially match these rare bills to turn them into a significant profit, exploring the thrill and financial potential of currency collecting.
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Money Instructor has been a leading resource in financial education for over two decades, empowering educators, financial advisors, students, parents, and individuals with essential topics in financial literacy. Our extensive coverage spans personal finance, money management, saving money, budgeting, investing, business fundamentals, taxes and taxation, Social Security, retirement planning, tax credits and refunds, economic stimulus checks and payments, as well as debt management—including credit card debt and interest rates. Additionally, we explore monetary policy, inflation, housing market trends, government legislation, political news, stock market dynamics, economic trends, improving credit scores, career development, housing and rent issues, and strategies for wealth building. By providing educational resources and tools, we help ensure you are well-informed and updated with the latest news and developments in these areas.
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Information is for educational and informational purposes only and is not be interpreted as tax, financial, or accounting advice. This does not represent a recommendation to buy, sell, or hold any security. Please consult your professional advisor.
Learn to read a pay stub, also referred to an earnings statement, wage statement, salary slip, payslip, paystub, or paycheck stub. Learn and understand pay period, pay date, gross income, net income, and tax and employee deductions.
For more personal finance educational materials, visit us at MoneyInstructor.com https://www.moneyinstructor.com/
Pay stubs are financial records that show employees details about their salary, including gross income, deductions, and net income. The information can include employee and company information, wages earned for the current pay period, and year-to-date information, including a breakdown of taxes and benefits deductions. It is important for employees to understand each section of their pay stub to ensure they are getting the correct amount and to report any errors to their employer. Pay stubs provide a comprehensive breakdown of an employee's salary, making it easier to understand and resolve any salary-related concerns.
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What is a Paycheck? https://youtu.be/HTPPechJjpA
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Money Instructor is the leading source for financial education and skills development. For over two decades, we have been assisting educators, students, parents, and others in teaching and learning about money skills, personal finance, money management, investing, business, and career development. We provide resources and tools to help teachers, parents, and institutions teach these crucial skills to young people. By doing so, we also aim to reinforce basic math, reading, vocabulary, and other fundamental skills that are essential for success in life.
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