In this second part of our year-end tax reduction series, we dive deeper into actionable steps to reduce your long-term tax burden. Stay tuned to learn about Roth conversions, charitable giving, and more ways to keep more money in your pocket.
Today we want to talk about how to reduce your 2024 taxes and your 2024 taxable income. Whether you’re still working or you have already retired, the five strategies we’re going to share with you in this video could potentially reduce your taxes by hundreds or thousands of dollars.
We’re sharing this month’s mailbag episode a bit early, but we have 3 great listener questions lined up for today’s show! Miyuki asks if Scott can explain more about tax harvesting and how to take advantage of a stock loss. Lauren asks about the tax consequences of withdrawing from the Roth side of her 401(k) after 2023. Click play to see what you can learn!