Donations & Tax

In this YouTube video I’ll explain how much tax benefit you get from your tax deductions. You don’t get $100 back for every $100 of deductions – it’s actually only a percentage.

Watch the video to learn:

– why being reimbursed by your employer for work expenses is probably 3 times better than claiming it on your tax

– how to know if something is tax deductible or not

– how part of your school fees might be considered a donation that you can claim on tax

– the difference between marginal tax rates and effective marginal tax rates.

I hope you enjoy the video.