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This video offers essential financial education, guiding you through common tax-related concerns such as how to file taxes correctly and understanding the child tax credit. We emphasize the importance of accurate tax filings to avoid delays and irs tax notices, clarifying that a tax extension only applies to filing, not to payment. Get practical tax advice to help you navigate your tax obligations effectively. In this video, we cover: 0:00 - Intro 1:04 - The Importance of Tax Forms 1:52 - Determining Your Filing Status 2:27 - Gathering Your Income Records 4:00 - Exploring Filing Software 4:35 - Hiring a Professional 5:06 - Avoiding Common Mistakes 5:38 - Deadlines and Extensions 6:16 - Final Review and Submission 6:44 - Summary Watch Next: 7 Money Habits That Are Keeping You BROKE- • 7 Money Habits That Are Keeping You BROKE Binge the full Financial Education Playlist: ▶ • Financial Education Subscribe for weekly MONEY strategies: / @mindovermoneyhq Recommended Tools & Resources: Kickstart your emergency fund with Ally Bank: Get a competitive 3.30% APY and up to a $50 bonus. 👉 https://ally.com/referral?code=8J5K3D... Capital One Credit Cards (Exclusive Rewards): Start earning cash back on everyday purchases. 👉 https://i.capitalone.com/J4MRToVA4 SoFi Personal Debt Consolidation Loan and get a $300 bonus after your loan funds. https://www.sofi.com/invite/personal-... Music from Artlist.io: https://artlist.io/referral/f424bc23-... Books to Master Your Money: • TT Software: https://amzn.to/4rUbk12 • TT Software Deluxe: https://amzn.to/4kEZllm • Organizer File Folder: https://amzn.to/4bZGCyP Video Gear & Editing: Colored with Dehancer Plugin (10% OFF Code: FATHERGOOSE) Download here: https://www.dehancer.com/Disclaimer: This video is for educational purposes only and does not constitute financial advice. Some links in this description are affiliate links, meaning I may earn a commission at no extra cost to you. Support the channel: https://buymeacoffee.com/FatherGP33 #taxes2024 #TaxTips #PersonalFinance #BeginnerTaxes #TaxFiling