ACCOUNTANT EXPLAINS: How To Pay Less Tax In 2024
Sherman - My CPA Coach Sherman - My CPA Coach
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 Published On Jan 9, 2024

The Ultimate Guide To Pay Less Taxes in 2024 and Beyond

Taxes are the single largest expense that most people will pay in their lifetime.

Not their homes, not their cars, not their student loans, and so on...It's taxes. The average person pays 25% of their income in taxes. And some people up to 50% of their income in taxes.

Imagine dedicating 25-50% of your working life to paying your taxes...Yikes.

Fortunately, there is a 76,000 page coupon book that you can use to pay less taxes - the tax code.

In this video, we walk you through key areas that you will need to master to pay less taxes in 2024 and beyond.

Outline:

Tax Is Your Largest Expense: (0:00)
Decrease Your Tax Bracket: (1:45)
Optimize Standard vs Itemized Deduction: (3:20)
Make Tax Deductible Investments: (4:50)
Write-off Almost Everything: (6:50)
Use Investment Losses: (8:05)
Real Estate Losses: (9:28)
Earn Tax-Free Income: (10:30)
Get Paid in Tax Credits: (12:00)

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