We are lucky to have as my guest host this week my wife Deanne. She joins the show as we head into tax season to talk about ways to reduce your taxes. The first half of the show is about personal deductions and the 2nd half of the show is about Business deductions should you have a business or side hustle. Enjoy!

Reducing Personal Taxes

 1)Contribute to a Retirement Account

2)Open a Health Savings Account  (HSA)

4)Contribute to a 529 Plan

6)Adjust Your Basis for Selling Your House  

Reducing Business Taxes

1)Use Your Side Hustle to Claim Business Deductions

2)Claim a Home Office Deduction

3)Write Off Business Travel Expenses, Even While on Vacation

4)Deduct Half of Your Self-Employment Taxes

Links to other shows referred to in this Episode

https://www.dadsdaughtersanddollars.com/podcast-financial-independence/episode/3cb36dd1/ep515-travel-hacking-my-way-to-greece-part-1

https://www.dadsdaughtersanddollars.com/podcast-financial-independence/episode/1b3edbc0/ep516-travel-hacking-my-way-to-greece-part-2

https://www.dadsdaughtersanddollars.com/podcast-financial-independence/episode/d1e7e7a3/ep508-dont-be-scared-of-the-irs-my-story