Nobody likes paying taxes, and there are easy ways you can lower your tax bill before the end of the year! Learn more here: 0:00 - How to save on taxes 0:46 - Max out your 401k contribution 1:35 - Max out your Traditional IRA 1:59 - Max out your SEP IRA or Solo 401k 2:21 - Max out your HSA 3:06 - Contribute to a 529 college savings plan 3:52 - Make energy efficient home improvements 4:26 - Maximize work related expenses 5:14 - Donate to your charity 5:48 - Sell your loser stocks 6:11 - Wait to rebalance your portfolio 6:36 - How to be strategic with your tax savings Here's what we're talking about ▶︎ Strategies to save on taxes ▶︎ Different accounts you can use to pay yourself instead of the IRS ▶︎ How to accurately claim expenses ▶︎ Last-minute tax moves ★☆★Resources Mentioned in this video:★☆★ 💵 IRA Contribution Limits: 💵 401k Contribution Limits: 💵 H&R Block: ★☆★ Want More From The College Investor? ★☆★ 💻 Check out the website here: .
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 :)