We're diving into a topic that might not be the most exciting, but it's definitely something we can't ignore: taxes. It's easy to feel overwhelmed by the tax process, but understanding a few key things can help ease that stress and even save you money.In this episode, I’m gonna give you the lowdown on some tax basics. I'll talk about how the tax system works and what you need to know to make sure you're not leaving any money on the table. I'll also dive into what kinds of things you need to account for, like income, property, and other sneaky taxable items.So, get ready to learn some valuable tips that will help you keep more of your hard-earned money in your pocket. Trust me, this is one topic you don't want to overlook!IN TODAY’S EPISODE, I DISCUSS: The basics of how taxes work & using it to your benefitThe difference between a deduction and a tax creditKey moves to consider before the tax filing time IRS Code Section 179: How does it work?Retirement plans - How maximize them before filingOther strategies for reducing the tax burdenThe benefits of working with a tax professionalRECOMMENDED EPISODES FOR YOU If you liked this episode, you'll love these ones:What everyone needs to know about crypto taxesHow one client saved $24k on their taxes by becoming an S CorporationHow Entrepreneurs Really Build Wealth!Should You Convert Your IRA to a Roth IRA?TAKE THE FINANCIAL FREEDOM QUIZ:Take this free quiz to see where you are on the path to financial freedom and what your next steps are to move you to a new financial destiny at http://www.YourFinancialFreedomQuiz.com OTHER RESOURCES:7-Day Money Plan Workshop: https://www.TheMoneyPlanWorkshop.comAffluent Entrepreneurs Private Facebook Group: https://www.melabraham.com/group/CONNECT WITH ME:Website: MelAbraham.comYouTube: MelAbraham.com/tube/Instagram (@melabraham9): MelAbraham.com/ig/Facebook Group: MelAbraham.com/group/TikTok: https://www.tiktok.com/@melhabrahamGET MY BOOK:“The Entrepreneur's Solution The Modern Millionaire's Path to More Profit, Fans, & Freedom” – melabraham.com/book/
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