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During a House Ways and Means Committee hearing Tuesday, Rep. Drew Ferguson (R-GA) spoke about tax credits.<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com

'The Math Doesn't Add Up': Drew Ferguson Presses Janet Yellen On Biden's 'Green Energy' Tax Credits

⏲ 5:9 👁 8.2M

Streamline Financial

How Savvy Retirees Use The Taxable Brokerage - AKA \"Retirement Freedom Account\"

⏲ 11 minutes 58 seconds 👁 10.8K

Money with Katie

Why taxable brokerage accounts are worth it

⏲ 4 minutes 5 seconds 👁 8.3K

A workaround for the Roth IRA income restrictions enables wealthier individuals to to earn tax-free income. But how long will that back door remain open?

What Is Backdoor Roth IRA? How It Works And Advantages

⏲ 4:6 👁 10.8M

LYFE Accounting

How to File an Amended Tax Return in 2024 (Form 1040X)

⏲ 8 minutes 37 seconds 👁 25.5K

Money Instructor

Tax Refund Update 2024 |IRS Delays, Transcript Codes, ID Verification, Schedule, and Filing Tips

⏲ 9 minutes 12 seconds 👁 215.3K

The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.

IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed

⏲ 1:29 👁 2.1M

Eric Seto, CPA

How to use your stock losses to reduce taxes -Tax Loss Harvesting

⏲ 4 minutes 27 seconds 👁 13K

iK0n

How the IRS catches you for Tax Evasion

⏲ 54 seconds 👁 120.5K

Many people think of April as a major month for finances because it’s the time of the year that most Americans do their taxes – but experts say there are some pretty important dates in May that you need to mark down as well.

Mark These Important May Finance Dates On Your Calendar

⏲ 1:9 👁 4.7M

Katie St Ores CFP, ChFC, EA

1040sr for Seniors.Step by Step Walkthrough of Senior Tax Return 1040SR. New IRS Form 1040-SR

⏲ 10 minutes 32 seconds 👁 53.8K

SoftwareTUTORIALS

Turbo tax: Line 12100 and T5008

⏲ 45 seconds 👁 500

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