On this episode of A Wiser Retirement™ Podcast, Casey Smith is joined by guest Jordan Sute Norton, CPA, to discuss new opportunities for tax credits in 2023. Together, we delve into the noteworthy updates to deductions for 2023, highlighting changes in mileage rate, retirement contributions, and teacher expenses. When talking about tax credits, we begin by explaining the difference between refundable and non-refundable tax credits, and how the former might give you that much-needed financial boost.

We also navigate the specifics of EV and home improvement tax credits. Our guest, Jordan, walks us through the income threshold for eligibility and uncovers the potential tax savings for those making eco-conscious choices.

Finally, we shine a spotlight on Roth accounts and how they can be a powerful tool for small business owners to save on taxes. Plus, for those residing in Georgia, we've got some locale-specific insights for you. We touch on film tax credits and low-income housing credits and how investing in these can be beneficial.

Podcast Episodes Referenced:
- Ep 150: Can Tax-Loss Harvesting Improve Your Investing Returns?
- Ep 79: Tax Strategies to Avoid & How to Negotiate with the IRS

Youtube Videos Referenced:
- 5 Tax-Efficient Withdrawal Strategies
- 2023 Tax-Smart Philanthropy

Other links:
- https://sutecpa.com/

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This podcast was produced by Wiser Wealth Management. Thanks for listening!