Top 5 Tax Strategies For LLC Owners (2024) [Video]

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Timecodes
0:00 Video Overview
0:21 Maxing Out Your 401k
1:22 Optimize Your Home Office Deduction
3:18 Short-Term Rental Real Estate
4:37 529 Plan
5:54 Migrating States

If you want to save a lot of money in taxes, then you need to know some great tax strategies. It’s that simple. Unfortunately, many people never take the time to learn tax-planning strategies and this causes them to miss out on a large amount of tax savings that they would otherwise be able to receive.

In this video, tax expert Karlton Dennis breaks down five excellent tax-planning strategies that are highly relevant for 2024. These tax-planning strategies include maxing out 401(k)s, taking advantage of 529 plans, and more. He also explains how to optimize the home office deduction for larger tax savings.

Some of the tax-planning strategies mentioned in this video are more complicated than others. However, many people should be able to implement at least one or two of these with relative ease if they want to. Anyone who needs assistance with these strategies can get help from a tax strategist.