With 2024 right around the corner, it’s time for a final year-end tax planning push! There are all kinds of ways to pay less to the IRS, and today’s guest is here to help you save as much money as possible!Welcome back to the BiggerPockets Money podcast! Today, we’re joined by certified public accountant and financial planner Sean Mullaney. In this episode, Sean delivers a thorough breakdown of everything you should be doing to lower your tax burden for not only 2023 but also over your entire lifetime. While there are many moves you can make before this year’s filing deadline, you don’t have to make them all at once. Sean shares how most tax moves fall into one of three “buckets”—moves that should be handled urgently, by year-end, or in early 2024.Whether you’re rushing to tie up loose ends in 2023 or looking to maximize retirement savings, Sean offers a variety of helpful tax tips for those in different phases of life. You’ll learn how to reap the tax benefits of donor-advised funds, how to time a Roth conversion, and how to avoid giving the IRS a large interest-free loan!In This Episode We CoverTax moves to make immediately, by year-end, and in early 2024New tax-saving strategies to start implementing next yearLowering your total lifetime tax burden with the Roth conversion strategyHow to get a tax deduction and avoid capital gains tax with a donor-advised fundThe BEST retirement accounts for entrepreneurs and self-employed individualsHow to choose the perfect health insurance plan for you in 2024And So Much More!DISCLAIMER: "The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual. Scott, Mindy, BiggerPockets, and the BiggerPockets Money podcast do not endorse Sean Mullaney, Mullaney Financial & Tax, Inc. and their services."Links from the ShowBiggerPockets Money Facebook GroupNetwork with Other Investors on the BiggerPockets ForumsFinance Review Guest OnboardingJoin BiggerPockets for FREEScott on BiggerPocketsListen to All Your Favorite BiggerPockets Podcasts in One PlaceApply to Be a Guest on The Money ShowPodcast Talent Search!Money MomentWhat You Need to Do NOW to Pay Fewer Taxes in 2024I’m Over Paying Taxes, So Here’s How I Plan to Significantly (and Legally) Lower My LiabilityThe FI Tax GuyClick here to check the full show notes: https://www.biggerpockets.com/blog/money-477 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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