Are you looking for ways to save on your taxes before the end of the year?
Look no further, today we will be discussing 10 easy to implement tax strategies that you can put into play before the end of the year to help you save thousands on your 2021 tax bill.
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The Biggest Takeaways
- Prepay your 2023 expenses in 2022
- Sell your losers before the end of the year and deduct up to $3,000 in losses
- Max out your Retirement Contributions before the end of the year
- Give away your stuff before the end of the year (if you itemize)
- Make a cash contribution up to $300 or $600 (if married)
- Consider a Roth Conversion
- Contribute to a 529 Plan
- Maximize your work-related deductions
- Plan to take your RMD if you are required to do so
- Defer income if you can (or should)
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Our Cyber Week sale is now open!
Now through December 2nd at 11:59pm EST you can save 40% off an annual plan for the OB Foundations Membership plus get 6 bonus Mindset Trainings that will help you overcome your mental roadblocks!
Learn how to start, build, grow and legally protect your online business!
Click here to learn more and get started!
Legal Disclaimer
The content of this podcast episode is provided for informational purposes only and is not intended to constitute legal advice. You should not rely upon any information contained on this podcast episode for legal advice. Listening to The Legal Jim Podcast is not intended to and shall not create an attorney-client relationship between you and James W. Hart or The Hart Law Firm, P.A. d/b/a Hawthorn Law. Messages or other forms of communication that you transmit to this website will not create an attorney-client relationship and thus information contained in such communications may not be protected as privileged. Neither James W. Hart nor The Hart Law Firm, P.A. makes any representation, warranty, or guarantee about the accuracy of the information contained in this podcast episode or in links to other podcasts, resources or websites. This podcast is provided “as is,” does not represent that any particular outcome will result from listening to this episode. Your use listening to this podcast is at your own risk. You enjoy this podcast episode and its contents only for personal, non-commercial purposes. Neither James W. Hart, The Hart Law Firm, P.A., nor anyone acting on their behalf, will be liable under any circumstances for damages of any kind.
