How to Pay Less Taxes: 5 Strategies to Reduce Your Tax Burden
Want to pay less in taxes? Who doesn’t! But as Benjamin Franklin famously wrote when updating his friend, French scientist Jean-Baptiste Le Roy, on the latest political developments in the States:
“…In this world, nothing is certain except death and taxes.”
While we can’t do anything to change your mortality, we can offer you some tax breaks in this episode of the Beyond Finances podcast.
We’re talking through 5 ways that you can significantly reduce your tax exposure, and therefore save money by not sending so much of it off to the IRS.
Today, we’re discussing strategies to:
- Create liquidity from investments without triggering taxable events
- Grow tax-free wealth
- Pay less on investment gains
- Get more money into tax-advantaged retirement accounts (even when you make too much to contirbute to those accounts directly)
- Avoid paying income tax entirely
If you’re ready to learn (legally!) how to pay less in taxes, this tactical episode is for you.
Jump into this episode of Beyond Finances:
- Listen on Apple Podcasts
- Listen on Spotify
- Listen on Overcast.fm
- Listen on PocketCasts
- Listen on Stitcher
Want more from Beyond Your Hammock? Check out past episodes and articles from our blog here.
