The tax brackets for 2019 have changed since 2018. Because of that, you’ll likely end up paying slightly less in tax. Find out how much you’ll save!
Tax loss harvesting is a strategy for reducing taxes today by selling funds at a loss. While this seems counterintuitive, this allows you to pay less in taxes today and maybe bypass taxes altogether.
Unlike regular paychecks, bonuses are taxed at a different rate. If you understand how they’re taxed you can take advantage of a number of strategies to reduce taxes and access your money sooner!
I’m always interested to hear how other people are minimizing their tax liability after retirement. Here is my personal strategy that we’ll be using to reduce our taxes to nearly zero when we stop working. This approach sounds unrealistic, but you might be able to hit $0 in taxes too!
Dividends may seem like a free money, but if you’re not prepared for it you’ll be caught with an unexpected tax-burden at the end of the year. My own investing strategy relies on both reducing dividend in taxable accounts and embracing them tax-advantaged ones. This allocation helps to cut taxes to the bone.