Financially Simple

In episode 316 of Financially Simple, Justin gives a concise list of 20 ways to reduce your tax bill. As 2020 comes to a close, the time to figure out your taxes draws nearer. In this episode, Justin lists 20 ways to reduce your taxes, both as an individual and as a small business owner, from tax-free accounts to having a baby! Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 00:48 - 20 Ways to Reduce Your 2020 Taxes 01:46 - Retirement Account Contributions 03:09 - Tax-Loss Harvesting 03:43 - Tax Bunching 05:11 - Health Insurance 05:35 - Health Savings Account 06:16 - Flexible Spending Account 06:41 - Medical Expenses 07:16 - Budget Tracking 07:57 - Income Adjustments 08:45 - Business Deductions 09:13 - 529 Plan Contribution 09:39 - Lifetime Learning Credit 09:56 - Have a Baby 10:22 - Give to Charity 11:04 - Buy a House 11:50 - Property Reassessment 12:05 - Improve Home Energy Efficiency 12:30 - Buy a Car 12:51 - Move to a L