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How to Invest While Reducing Your Tax Liability in 2024
Investing for the future comes with several benefits, but one sometimes overlooked benefit is reducing your tax liability. By investing for the future in tax-advantaged retirement accounts, you can potentially reduce your overall tax bill. This works by leveraging your current dollars to structure long-term wins. With that said, taxes can become complex. Use this as a guide for a better understanding of your own goals and how to position yourself. Then, I’d recommend that you seek a licensed tax professional who understands financial planning. The wealthy don’t merely do their taxes by April, they plan ahead in November of the prior year. Here are five ways to potentially reduce your…
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Here are the Latest 401k, IRA, HSA, and Other Contribution Limits for 2024
One of the best ways to become an automatic millionaire in your lifetime. Don't skip on the contributions.
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Why it’s Important to Plan, Yesterday’s Taxes are not Today’s Taxes.
The gang is present. Today we discuss taxes, the Real cost of entering new tax brackets, and other random social tangents.
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80% Pay Little to No Taxes in Retirement. Here’s Why
The ins and outs of tax law will be important to consider at least 5 years before you retire. Gone are the days, when you can feign ignorance about your personal finances. It's better to be active and engage in learning how it works. Even if it's for your own parents and ultimately for you in retirement.
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How to Save $$$ with the Latest IRS Tax Brackets for 2023
Hello, you've reached the IRS. New Tax Rates for 2023, who dis?!
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Here’s the Latest 401k, IRA and Other Contribution Limits for 2023
One of the best ways to become an automatic millionaire in your lifetime. Don't skip on the contributions.
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Update Your Tax Plan for 2022. Here are all the New Brackets and Rates!
Hello, you've reached the IRS. New Tax Rates for 2022, who dis?!
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Fastest Way to Avoid Taxes and Retire Rich
Looking at the stats for 2019 from the US Bureau of Labor and Statistics, it's easy to see why American families are struggling to make head way. The Average US Household can boost their tax refund efficiency by 103%. The power of investing. The End Goal is to Retire Richer.
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Everything You Need To Know or You Are Forced To Know About Taxes…
Now that the IRS is back to work; time to get back to filing taxes. The deadline to get it all done is typically April 15 *However, for 2021 it’s May 17, 2021. We get an extra month with two days since it falls on the weekend. 2020 was a different type of year. At least HSAs are still dope. Try not to delay too long, evildoers are hard at work trying to file for you with the refund going back to them. Trust me you don’t want these kinds of problems. “Run and file Asap”, Once you’ve been had; it will take upward to a year to get it corrected with…
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Don’t Miss Out on Your State’s Student Loan Tax Credits!
“Biden’s chief of staff said that the president asked the Education Department to review his legal authority to cancel debt and that he will determine how he could proceed.” NBC News, April 1, 2021 With this headline, twitter was a buzz with conversation again from those holding their breaths to hopefully see Student Loan reform. Additionally, with more than 40 million Americans with student loan debt, the last stimulus surprisingly did not include any student loan debt cancellation promises or ideas. The Federal Reserve estimates that Americans owed more than $1.7 trillion in student loans. Available Federal Student Loan Debt Relief Beyond the grim news, there are options. Especially, during…