Timothy Sumer

Traditional IRA Tax Deduction - Pay Less Taxes & Save Money Your traditional IRA contributions may be tax-deductible. The deduction may be limited if you or your spouse is covered by a retirement plan at work and your income exceeds certain levels. For 2021, 2020 and 2019, the total contributions you make each year to all of your traditional IRAs and Roth IRAs can't be more than: $6,000 ($7,000 if you're age 50 or older) Start your Traditional IRA with WeBull or M1Finance! 🤑 Get FREE stocks from WeBull when you open and fund a brokerage account with this link - 👏 M1 Finance for investing - $10,000 Self-Employed and Small Business Grant! How to Apply for the EIDL Video - If you are a Self-Employed / Sole-Proprietor you might qualify for small business grants and small business loans. Yes, Uber Drivers, Fiverr Freelancers, and other gig-economy workers might be eligible for the EIDL for example. Grants, Loans, and Rental Assi...

Reduce your taxable income in 2020. With tax season just around the corner, who doesn't want more ways to pay fewer taxes? In this video, I explain 6 tax loopholes that will help you reduce your taxable income in 2020. I show you some easy ways to avoid taxes (legally!). Tax laws are structured wayyyyyyy in favor of investors, and you can take advantage of these rules even if you don't have a ton of money, to begin with. Using these tax loopholes will stack the odds in your favor and make the system work FOR you versus against you. ***ATTENTION: I have a new Instagram and TikTok handle @itsrosehan *** That's my official account, and I will NEVER message you about investment schemes, so please be careful and block & report any scammers posing as me. __________ ***FREE DOWNLOAD: The Ultimate Guide to Investment Accounts Everything you need to know about IRAs, 401(k)s, HSAs, and taxable brokerage accounts. What they are, which ones you need, and where to ...