The Top 5 Ways to Reduce Taxes on W2 & Active Income
JOIN THE TAX-FREE WEALTH CHALLENGE NOW! OCTOBER 14-18, 2024!
https://join.taxalchemy.com/join-thec...
Although many tax-saving strategies are geared towards business owners, it is still possible for W-2 employees to implement a variety of techniques to save a substantial amount of money in taxes.
In this video, tax expert Karlton Dennis breaks down five of the best ways to reduce taxes on W-2 and active income. He covers real estate investing-based strategies such as qualifying for real estate professional status and using the short-term rental rule. The short-term rental rule involves renting property for 7 days or less as opposed to renting it out for a longer period.
Additionally, Karlton also explains how charitable donations and certain tax-advantaged retirement accounts such as traditional 401ks can be used to lower a tax bill. This video is helpful for anyone who works a W-2 job but wants to lower their taxes.
Taking the Next Step:
Join Our Tax Strategy Accelerator Community ! ⬇️
www.taxstrategyaccelerator.com?utm_source=youtube
Download my new book! The Short Term Rental Rule:
https://ebook.taxalchemy.com?utm_source=youtube
Book a Professional Tax Strategy Consultation
▶ https://www.taxalchemy.com/consultati...
*Disclaimer: I am not a financial advisor nor am I an attorney. This information is for entertainment purposes only. It is highly recommended that you speak with a tax professional or tax attorney before performing any of the strategies mentioned in this video. Thank you.
#taxes #taxfreeliving #taxexpert #taxreduction #llc
Watch video The Top 5 Ways to Reduce Taxes on W2 & Active Income online without registration, duration hours minute second in high quality. This video was added by user Karlton Dennis 04 December 2023, don't forget to share it with your friends and acquaintances, it has been viewed on our site 57,329 once and liked it 1.9 thousand people.