High-income earners can still take steps to reduce their past year’s tax burden even after the year has ended. This episode discusses strategies like improving record-keeping, utilizing Qualified Opportunity Zone funds, and leveraging solar investments to create significant savings.
• Emphasizing the importance of detailed record-keeping for identifying write-offs
• Highlighting the benefits of Qualified Opportunity Zone funds for tax deferral
• Discussing cost segregation strategies to enhance property depreciation
• Exploring contributions to tax-deferred retirement accounts post-year-end
• Detailing solar investments and associated tax credits as recovery methods
If you are making over $750,000 a year and you don’t have an advanced tax reduction strategy, you need to get with us and have a conversation about some of the more advanced things we do.