Money Monday: Wealth advisor talks how people can lower their tax bill
Money Monday: Wealth advisor talks how people can lower their tax bill
SEASON IS HERE. THE DEADLINE TUESDAY, APRIL 15TH, OF COURSE. AND IF YOU바카라 게임 웹사이트VE MAYBE NOT FILED YET, THERE IS STILL TIME TO SAVE SOME OF THAT HARD EARNED MONEY, I SHOULD SAY. THAT바카라 게임 웹사이트S RIGHT. AND JOINING US THIS MONEY MONDAY IS SPENCER FORD WITH CONSERVATIVE FINANCIAL SOLUTIONS. SPENCER, THANKS SO MUCH FOR BEING HERE. THANKS FOR HAVING ME. TALK TO US A LITTLE BIT ABOUT WHAT PEOPLE CAN DO TO TO MAYBE LOWER THAT TAX BILL IF THEY MAYBE DON바카라 게임 웹사이트T LIKE THE NUMBER. IS THAT EVEN POSSIBLE? YEAH. THERE ARE STILL A COUPLE OF STEPS THAT YOU CAN TAKE TO LOWER YOUR TAX BILL FOR 2024. EVEN THOUGH WE바카라 게임 웹사이트RE PAST 2024, YOUR OPTIONS ARE LIMITED. BUT IF YOU바카라 게임 웹사이트RE ELIGIBLE, YOU CAN CONTRIBUTE TO A TRADITIONAL IRA. THOSE CONTRIBUTIONS ARE TAX DEDUCTIBLE SO THEY DON바카라 게임 웹사이트T SHOW UP ON YOUR TAX RETURNS. SO YOU DON바카라 게임 웹사이트T PAY TAX ON THOSE. IF YOU바카라 게임 웹사이트RE SELF-EMPLOYED, YOU CAN CONTRIBUTE TO A SEP IRA. SO SAME SITUATION TAX DEDUCTIBLE IF YOU바카라 게임 웹사이트RE A PART OF A HIGH DEDUCTIBLE HEALTH INSURANCE PLAN, EITHER THROUGH YOUR EMPLOYER OR PRIVATELY. AND YOU바카라 게임 웹사이트RE ELIGIBLE FOR AN HSA OR HEALTH SAVINGS ACCOUNT, YOU CAN ALSO CONTRIBUTE TO THAT. THOSE ARE TAX DEDUCTIBLE. SO THAT바카라 게임 웹사이트S NOT GOING TO SHOW UP ON YOUR TAX RETURN EITHER. SO THOSE ARE JUST SOME QUICK FIXES THAT IF YOU바카라 게임 웹사이트RE ABLE TO YOU CAN IMPLEMENT THOSE AND POTENTIALLY SAVE ON TAXES FOR 2024. EVEN THOUGH WE바카라 게임 웹사이트RE PAST 2024. YEAH, WE바카라 게임 웹사이트RE WELL INTO 2025. WELL NOT WELL, BUT WE바카라 게임 웹사이트RE A FEW MONTHS IN, RIGHT? AND WHAT ABOUT NEXT YEAR바카라 게임 웹사이트S TAX BILL? WHAT CAN WE DO NOW. YEAH, WE바카라 게임 웹사이트RE ALWAYS ENCOURAGING FAMILIES TO NOT JUST LOOK AT WHAT THEIR CURRENT TAX SITUATION IS, BUT WHAT THE FUTURE LOOKS LIKE TOO. RIGHT NOW WE바카라 게임 웹사이트RE ALL DOING TAX PREPARATION. WE바카라 게임 웹사이트RE JUST REPORTING WHAT HAPPENED THE PREVIOUS YEAR. IT바카라 게임 웹사이트S LIKE DRIVING AND ONLY LOOKING IN THE REAR VIEW MIRROR. IF THAT바카라 게임 웹사이트S ALL YOU EVER DID, IT WOULDN바카라 게임 웹사이트T TAKE YOU VERY LONG TO RUN HEADFIRST INTO SOMETHING. IN THIS CASE A TAX BILL. WE WANT TO DO TAX PLANNING. YOU WANT TO BE LOOKING OUT THE WINDSHIELD ABOUT WHAT바카라 게임 웹사이트S GOING TO BE COMING AHEAD AT YOU, SO YOU CAN EITHER NAVIGATE AROUND IT OR AT THE VERY LEAST, MITIGATE WHAT바카라 게임 웹사이트S COMING TO YOU. I MEAN, NONE OF US WANT TO BE JUST DRIVING, LOOKING IN THE REAR VIEW MIRROR. SO SPEAKING OF PLANNING, THEN TALK ABOUT SOME STEPS THAT MAYBE WE CAN DO RIGHT NOW TO PLAN FOR NEXT TAX SEASON. SO REALLY, THE NUMBER ONE THING THAT YOU CAN DO RIGHT NOW IS LOOK AT YOUR CURRENT SITUATION AND THEN EVALUATE HOW IT MIGHT CHANGE IN THE FUTURE. SO ARE YOU EXPECTING A PROMOTION? IS YOUR INCOME GOING TO GO UP. ARE YOU GOING TO HAVE MORE DEPENDENTS OR LESS DEPENDENTS? MAYBE YOU바카라 게임 웹사이트RE RETIRING OR YOU바카라 게임 웹사이트RE GOING TO BE FORCED TO TAKE DISTRIBUTIONS FROM YOUR RETIREMENT ACCOUNTS. ALL THOSE THINGS ARE GOING TO AFFECT THE AMOUNT THAT YOU PAY IN TAXES. AND SO AGAIN, YOU JUST WANT TO BE TAKING EVALUATING WHAT YOUR CURRENT SITUATION IS AND THEN LOOKING AT WHAT YOUR FUTURE SITUATION IS, BECAUSE THAT바카라 게임 웹사이트S THE ONLY WAY YOU바카라 게임 웹사이트RE REALLY GOING TO BE ABLE TO DO TAX PLANNING AND MAYBE MITIGATE SOME OF THOSE EXPENSES THAT ARE COMING YOUR WAY. ALL RIGHT. THIS IS GREAT ADVICE. ADVICE THAT PEOPLE PAY FOR. RIGHT. SPENCER, THANKS SO MUCH FOR JOINING US. SPENCER FORD WITH CONSERVATIVE FINANCIAL SOLUTIONS. THANKS AGAIN FOR BEING HERE. ALL RIGHT. IN THE MEANTIME, LOVING THIS WEATHER OUT THERE. I KNOW IT바카라 게임 웹사이트S NOT AS SUNN
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Money Monday: Wealth advisor talks how people can lower their tax bill
Tax season is in full swing, with the deadline for Americans to file their taxes set for April 15.If you have not filed taxes yet, there is still time to save of your hard-earned money.In the latest edition of Money Monday, 바카라게임 was joined by Spencer Ford, CEO and wealth advisor with Conservative Financial Solutions, who discussed ways people can lower their tax bills.See the full interview in the video player at the top of the story.
CINCINNATI —
Tax season is in full swing, with the deadline for Americans to file their taxes set for April 15.
If you have not filed taxes yet, there is still time to save of your hard-earned money.
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In the latest edition of Money Monday, 바카라게임 was joined by Spencer Ford, CEO and wealth advisor with Conservative Financial Solutions, who discussed ways people can lower their tax bills.
See the full interview in the video player at the top of the story.