Taxes 101 - Basic Things You Should Know

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Nobody likes to pay income taxes. The first step to saving money on taxes is to understand what you are paying and how it is calculated. In this video, I go over some basic terms along with an example of a W2 form and a 1040 tax form. I also explain FICA tax, which is made up of Social Security and Medicare taxes.

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Rich McCormack, CFP®

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