These are the top 5 tax strategies to implement PRIOR to December 31, 2021. Plus 2 BONUS strategies that you can implement in 2022 but still save on your 2021 taxes.
Strategies to Implement Prior to 12/31 Include:
1. Late S Corp Election & Integrating your Health Insurance Premiums in Payroll
2. Setting up a Solo 401(k)
3. Purchase a New or Used Auto
4. Hiring Your Minor Children
5. Prepaying Expenses and Purchasing Electronics
Strategies You Can Implement after 12/31 include:
1. Health Savings Account (HSA)
2. IRA and/or SEP IRA
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This video was created for informational purposes and it is not to be construed as legal and tax advice specific to your unique situation. Some of the links above are affiliate links which means that if you purchase a product or service with the provided link, I may receive a commission with no additional cost to you.
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