What to Do Now to Lower Taxes Before Year End - a podcast by Mel Abraham
from 2023-11-06T03:00
As the year-end is closing in, it's a great time to chat about how to keep more of your hard-earned cash in your pocket.
By making some clever money moves before December 31, you can seriously cut down on what you owe when tax season rolls around.
In this episode, I’ll guide you through strategic steps to minimize your tax burden. We'll discuss reviewing expenses, verifying classifications, and maximizing deductions. And, we'll delve into the benefits of retirement plans, charitable donations, and the intricacies of crypto transactions.
Being proactive in your tax strategy can result in more money in your pocket and help you achieve your financial goals. So, stick around to find out what you can do now to max out your deductions and minimize your tax worries before the year's up.
IN TODAY’S EPISODE, I DISCUSS:
- Reviewing expenses and correct classification
- How Section 179 impact equipment expenses and potential tax deductions
- Consulting a tax advisor for deductions and strategies
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