5 Ways To Legally Pay Less In Taxes | The 3-Minute Guide

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Welcome to the three-minute guide, brought to you by skillshare. while tax evasion is always a bad idea, there taxable income and therefore legally pay less in taxes. in 2018 you can contribute $18,500 to your 401(k) or 403(b). you barely will feel a pinch in your paycheck not eligible to contribute to a retirement plan through your work? in 2018 you can contribute $5,500

To a traditional or roth ira. a roth ira can be a great financial move, a big perk of the ira is that you have until for example, if you’re trying to lower your most tax deductions require that you do them let’s talk charitable giving it isn’t only a good life practice, but use sites like charitynavigator, guidestar, did you know you could also get a tax deduction

You can only deduct what is known as fair your item and be sure to to get a donation receipt. get a tax deduction by saving for your child’s education expenses. able to save for their child’s future education expenses the only bummer, you don’t get a federal deduction. finally, be sure to check your employee benefits are you eligible to contribute to a health pre-tax

Transit cards or commuter benefits dollars to fund things like your metro card or your parking space and lower your taxable income. an easy and affordable way to expand your talents is with skillshare. hosted by food and lifestyle photographer class will teach you to capture stunning stories photographing for a blog or instagram, or as always, though, skillshare offers

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A huge range of to learn, at an affordable annual subscription of less than $10 a month. in the description will get their first 2 months for 99¢. have a money question you want to learn more about? i’m erin from broke millennial for the financial for a new 3-minute guide!

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5 Ways To Legally Pay Less In Taxes | The 3-Minute Guide By The Financial Diet

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