The Wealth Fix
Ryan A. Hughes & Peter Campbell
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4 Tax Loopholes I Wish I Knew Earlier
The IRS Tax Code can be overwhelming, but don't miss out on incredibles tax savings strategies! In this video, we reveal four amazing tax loopholes that can help you save big on taxes. Learn about the Augusta Rule (IRS Section 280A) that allows you to rent out your home tax-free, even to your own business. Discover how income shifting by employing your children can lower your tax bracket and enable them to invest in a tax-free Roth IRA. Uncover the backdoor Roth IRA strategy for high-income earners and the mega backdoor Roth for 401(k) contributions. Lastly, optimize yourHealth Savings Account (HSA) to turn it into a tax-efficient investment account. Watch Now and take advantage of these powerful tax strategies! Resources mentioned in the video: Article on Backdoor Roth IRA and Mega Backdoor Roth:https://bulloakcapital.com/blog/how-mega-backdoor-roth-iras-work/ Additional video on Mega Backdoor Roth:https://youtu.be/BmR8h7VdZKQ- Can I make a backdoor Roth IRA Contribution? Article on maximizing an HSA:https://bulloakcapital.com/blog/what-is-an-hsa-and-how-does-it-work/ Want more financial planning tips and strategies? Subscribe here to be notified of future videos: https://www.youtube.com/@thewealthfix... Want a free financial consultation with trusted financial professionals? Get it here 👉 https://bulloakcapital.com/get-started/
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