This video covers 11 tax strategies for high-income individuals and families to help reduce taxes and keep more of your hard-earned money with you and your family. Whether you are a high-income earner looking for tax strategies to reduce your tax bill or you have maxed out your retirement accounts and just wondering where to save your surplus in the most tax-efficient way, this video will provide actions to help both your short-term and long-term tax bills
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Capital Gains Tax - https://youtu.be/k2mo3r370zE
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As your income rises, your tax rate rises. When this happens not only is your income being taxed at a higher rate, but you will also pay a higher tax rat on any interest, dividends and gains that you have in non-retirement accounts. One of the challenges becomes how to reduce taxes for high income earners. In this video, I cover 11 tax saving strategies for high-income earners.
1. Strategies in utilizing retirement accounts
2. Strategies for Investment in non-retirement accounts
3. Contributing to a Health Savings Account
4. Deferred Compensation Plans
5. Contributing to 529 Plans
6. Utilizing Tax-Deferred Annuities
7. Choosing the Right Business Structure
8. Utilizing Life Insurance that Builds Cash Value
9. Investing in Real Estate
10.Charitable Strategies
11. Gifting
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