I recently saw this IG account about tax reducing strategies. Curious what strategies you all use to lower your taxes? Extra income is great but I hate the extra $$ that I have to give up too 😭

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Just be careful - a lot of "tax reducing strategies" just try to sell you whole life insurance.
You could open an IRA and put some money in it each year to reduce your taxable income, but short of that, there aren't that many loopholes that help regular people

smart

Damn it, well I guess I got scammed because I def signed up for one hahah

I don't have any fancy strategies, but I make sure to keep receipts for potential deductions.

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I usually do!

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Share the IG handle please 🙏 I don't have any strategies other than keeping a super solid record of every expense. I usually still end up owing quite a bit of money come tax time, but at least I know my write-offs are accurate and valid.

lol I wish I had it! It was one of those ads and I didn’t click follow

I made a decision to go into the travel industry. Not so much for the pay, but for. The ease. And the benefit of getting to travel for free? Almost. However, Since it is a home based business and I'm not an employee. According to my account. I will save much more money in taxes. Tan it cost me to be a member in the travel club. And more. Because then A lot of what I do. becomes a write off ,Including the travel.

Oh that’s interesting. I’d love to be able to write off my job expenses.

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