Are you looking for ways to reduce your 💵 tax bill and build wealth? Welcome to Great Decisions, Incredible Lives: Retire with Intention, podcast with host John Creekmur. In this episode, the special guest is Jeff Badu, a seasoned CPA, entrepreneur, and wealth multiplier, who shares invaluable insights on how to keep more money in your pocket and pave the way to financial prosperity.
Jeff has built an impressive track record in finance, particularly in real estate and tax optimization. He'll shed light on various strategies to incorporate real estate into your investment portfolio, creating 💵 wealth and generating income.
💵 Key Takeaways:
Health Savings Accounts (HSAs): Jeff emphasizes the power of HSAs, which allow tax-free savings for medical expenses, providing an instant return on investment based on your tax bracket.
Real Estate Tax Deductions: Discover the significant tax deductions real estate offers, primarily through depreciation. Jeff explains how forming an LLC or corporation can further optimize tax benefits.
Tax Services: Understand the difference between tax preparation, tax planning, and representation services, and learn how they can help you maximize your savings.
Maximizing Opportunities: Take advantage of potential savings! Jeff reveals how to amend tax returns and employ long-term planning strategies for substantial benefits.
The Augusta Rule: Learn about this valuable tax deduction, which allows you to rent your home to your business for up to 14 days a year tax-free.
Jeff Badu is the founder and CEO of Badu Enterprises, LLC, a multinational conglomerate that owns several vital companies. His marquee company is Badu Tax Services LLC, a CPA firm specializing in tax preparation, tax planning, and tax representation for individuals and businesses.
 Another critical company is Badu Investments LLC, a real estate investment company that acquires residential and commercial properties in areas such as the South Side of Chicago to restore traditionally underserved areas.
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