3 Ways High Paid Employees Can Reduce Their Taxes

#taxes #Realestateinvesting #business

Recently, I got a call from one of my clients who wanted to know how to cut their #tax bill.
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They are a highly paid employee and they don’t have many deductions.

I suggested that they think about doing one or all of the three things I suggested.

My Suggestions:

1.) 401k/ 403b/ 457 plan contributions more to your

2.) Start a Home-based Business

3.) Buy a Rental Property

Doing any one of these things will help to reduce your tax bill immediately. If you are fortunate enough to make lots of money with suggestions 2 and 3 you will be able to do some more tax planning to legally lower your tax bill, but you have to be proactive.

If you have any questions about taxes or investments, feel free to reach out to me.

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