Joe McCall's video: The Easiest Way To Save On Your Taxes In 2020

What is the easiest way to save on your taxes in 2020? https://joemccall.com/taxes The first thing that we need to make sure is that you have the right business structure in place. If you have a business entity for your real estate investments you use up to 250 different tax deductions. If you don't have a business set up, you can't really take advantage of these tax savings. What are some of the best deductions that you can take if you have a business set up? You have to understand all the details on home office expenses, mileage, marketing costs, education costs - Direct mail: Where is the list, how to get a list and how frequent do you send to the list. - Cold Calling - Thought Leadership platforms: Podcasts, network groups, social media etc. - For Rent Advertisements - Apartment Vendors: AC repair people, handyman, plumbers, pool repair etc. What are some creative ways to save in 2020? - HSA - Health savings accounts are only available to people who have a qualifying, high-deductible insurance plan. HDIPs are defined differently from state to state, but generally, they are health care insurance plans with an annual deductible of more than $7,100 for a family and $3,550 for an individual. - SEP IRA - The maximum contribution to a SEP IRA is $58,000 in 2021, up from $57,000 in 2020. Sit down and go over all of your expenses @ https://JoeMcCall.com/taxes How can you get tax advice before the end of the year? Schedule and appointment with PCS, they will go over your situation and make sure you have the right business entity in place as well as help you understand where you can save before the end of the year... https://JoeMcCall.com/taxes