The Mark Perlberg CPA Podcast

EP 101 - Tax Savings Strategies for Anyone can Use


Listen Later

Send us a text

Tax planning strategies work at every income level, creating legitimate savings that can accelerate your journey to financial freedom. Implementing these approaches strategically can significantly reduce your tax burden while staying within legal boundaries.

• Turn side hustles into legitimate businesses with clear profit intentions to create tax deductions
• Real estate investing offers tax advantages through depreciation, even at small scales
• Those earning under $100K can write off up to $25K in rental losses against ordinary income
• Proactive tax planning includes optimizing write-offs for meals, travel, and supplies
• Strategic stock portfolio management minimizes capital gains taxes
• Traditional IRA contributions can be converted to Roth IRAs for tax-free growth regardless of income
• High earners can utilize $14-16K annually in "backdoor Roth" contributions for tax-free growth
• Education credits like the American Opportunity Tax Credit provide up to $2,500 in direct tax savings

Ready to slash your tax bill? Schedule your free consultation and let's strategize your tax savings together! Book now at: https://www.prosperlcpa.com/apply Or, if you still need more time, here are some other ways to begin winning the tax game... 

Learn more about applying these strategies to your situation by taking our mini-course at taxplanningchecklist.com, which includes personalized feedback based on your circumstances.


...more
View all episodesView all episodes
Download on the App Store

The Mark Perlberg CPA PodcastBy Mark

  • 5
  • 5
  • 5
  • 5
  • 5

5

5 ratings


More shows like The Mark Perlberg CPA Podcast

View all
The Joe Rogan Experience by Joe Rogan

The Joe Rogan Experience

229,522 Listeners

BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,746 Listeners

Main Street Business by Mark J Kohler and Mat Sorensen

Main Street Business

587 Listeners

REAL AF with Andy Frisella by Andy Frisella

REAL AF with Andy Frisella

393 Listeners

Tax Smart Real Estate Investors Podcast by Hall CPA

Tax Smart Real Estate Investors Podcast

429 Listeners

The Charlie Kirk Show by Charlie Kirk

The Charlie Kirk Show

67,372 Listeners

Short Term Rental Riches by Tim Hubbard

Short Term Rental Riches

138 Listeners

The Shawn Ryan Show by Shawn Ryan

The Shawn Ryan Show

45,351 Listeners

Real Estate Rookie by BiggerPockets

Real Estate Rookie

1,830 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

9,873 Listeners

Short Term Rental Secrets Podcast by MICHAEL SJOGREN

Short Term Rental Secrets Podcast

127 Listeners

Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance) by Ari Taublieb, CFP®, MBA

Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)

568 Listeners

The Tucker Carlson Show by Tucker Carlson Network

The Tucker Carlson Show

17,108 Listeners

SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice by Tiffany Phillips, CPA & Small Business Tax Strategist

SMALL BUSINESS FINANCE – Your Guide to Business Tax Planning & CPA Tax Advice

171 Listeners