Financial goals such as sending your kids to college, retirement plans, or attaining financial freedom can easier be achieved through tax efficiency and financial discipline. In this video, you will learn various strategies that you could apply to limit your tax burdens. Enjoy!
01:30 Different ways you can pay fewer taxes legally
01:33 Retirement account
03:50 Standard Deduction
04:43 Start a business
06:14 Credit for Higher Education
06:55 State and Local Tax Breaks
07:17 Check if You Qualify for an Earned Income Tax Credit
07:52 Charitable Donations
08:30 Adjust Your Basis for Capital Gains Tax
09:16 Invest in Municipal Bonds
09:47 Donate highly-appreciated stock to charity
Watch more Practical Wisdom!
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20 Frugal living tips to save a tone of money – https://www.youtube.com/watch?v=8wammvgbBgA&t=2s
16 Lessons in life people learn too late – https://www.youtube.com/watch?v=aD2qb53gNAs
10 Lies culture tells about money – https://www.youtube.com/watch?v=fRvFr2Qaor8
12 Things people waste money on – https://www.youtube.com/watch?v=DE6KZxwerp0
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DISCLAIMER: I’m not a financial adviser. These videos are for educational purposes only. No official financial advice is being given. Please always check with a professional before making any investments or financial decisions. Your investments are your sole responsibility, these videos merely share my own opinions with no guarantee of gain or losses.
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