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5 Last Minute Tax Deductions That Will Lower Your Taxes 🧾


In this video, we'll show you 5 last minute tax deductions that you can use to lower your taxes. Whether you're filing your taxes online or in person, these deductions will help you save money on your taxes! 5 actions you still can take now to lower your 2022 taxes: 1) Make a charitable contribution 2) Make a contribution to a traditional IRA 3) Max out any 529 plans 4) Sell any stocks with losses 5) Defer any yearend bonus to be paid in 2023 Whether you're a beginner or a pro, don't miss out on these 5 last minute tax deductions! By taking advantage of these deductions, you'll be able to save money on your taxes! #taxdeduction #taxes #taxdeductions #traditionalira #529plan #charitablegiving #501c3 To continue learning more about this subject, check out the following: 9 States in the US that DON’T have a State Income Tax Tax Credit vs Tax Deduction: What's the Difference? Follow on Twitter: @patrickbrayCPA Disclosure Disclaimer: The information in this video is provided for general educational purposes only and may not reflect changes in federal or state laws. Please consult with a professional tax advisor about your facts and circumstances. Circular 230 Disclaimer. Nothing contained herein concerning certain federal income tax considerations is intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transactions or tax-related matters addressed herein....(read more)


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