4.8 • 2.1K Ratings
🗓️ 23 May 2025
⏱️ 65 minutes
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0:00.0 | Yeah, so HSAs are the only account that I'm aware of and that I've ever heard of that actually |
0:04.5 | has a triple tax benefit. But in HSA, you put the money in, it's a deduction, it grows tax-free, |
0:10.2 | and then if you take it out for medical expenses, it is taken out tax-free. I mean, if you bought a |
0:15.4 | $3 million home at the same rate, now you get a $900,000 write-off. That's right. That's right. There's two strategies |
0:21.5 | really left that you can do this late in the year. If you file an extension actually until the |
0:25.2 | extension deadline and the only two things left. What's up, wealth bidders? Today I have got a tax |
0:32.3 | strategist. You know, taxes are something we all have to pay, and yet we want to figure out how we can not pay them and how we can limit them and get them far down as possible. And so we're going to |
0:40.3 | go over a bunch of different strategies for anybody to pay less than taxes and put more money in |
0:46.2 | their pockets. I've got Greg Taylor. What's up, man? Hey, how's it going? It's good to see you. |
0:51.3 | For those who don't know, Greg, how long have you been in the program? |
0:54.8 | About three and a half years. So three and a half years ago, you joined because you were thinking |
0:58.4 | about starting to invest in real estate. Yeah. You know, and then as a byproduct, your tax firm has |
1:04.3 | kind of grown from everything we've been doing together and stuff. And so it's awesome to see me. |
1:08.8 | Thanks. Yeah. It's been really it's been really great. So, |
1:10.9 | really enjoyed the journey and learned a ton. Yeah. So let's jump into it. At the time of this |
1:16.5 | filming, you know, it's, it's pretty much tax season right now. And a lot of people are trying to |
1:22.6 | file and do different things. And I mean, at this point, it's too late to like really have a strategy, |
1:27.7 | right? I mean, kind of what's done is done. Right. There's about, there's two strategies really |
1:31.7 | left that you can do this late in the year. If you file an extension actually until the extension |
1:35.3 | deadline. And the only two things left is maxing out the retirement accounts, those contributions, |
1:40.3 | if you haven't done that, or contributing to an HSA. And what's an HSA for those who don't know? |
1:45.6 | Health savings account. |
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