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
RECOMMENDED EPISODES FOR YOU
If you liked this episode, you'll love these ones:
- Q&A Why Taking a 401K Loan Can Destroy Your Wealth
- Making Sense of Life Insurance – What to Avoid!
- Using Target Date Index Funds to Build Wealth
- Doing Nothing with Your Money Isn't An Option!
TAKE THE FINANCIAL FREEDOM QUIZ:
Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com
OTHER RESOURCES:
7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.com
Affluent Entrepreneurs Private Facebook Group https://www.melabraham.com/group/
CONNECT WITH ME:
Website: MelAbraham.com
YouTube: MelAbraham.com/tube
Instagram (@melabraham9): MelAbraham.com/ig
Facebook Group: MelAbraham.com/group/
TikTok: https://www.tiktok.com/@melhabraham
GET MY BOOK:
“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book/
Go to AskMelNow.com to let me know how I can serve you and your financial journey
