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 infor...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)