THE SUNLIGHT TAX BLOG:

Tax and Money Education for Creative People, Freelancers and Solopreneurs

Year-End Savings: IRA vs 401k: Fund the 401k First

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Today, I’m continuing my series about year-end tax tips and discussing why it’s so important to contribute to tax-advantaged retirement accounts. I’m diving into the differences between 401k’s, traditional and Roth IRAs, as well as the SEP IRA option for self-employed individuals.

Join me in this important episode to learn how you can maximize your tax savings and retirement contributions.

Listen and Subscribe Here

Today, I’m continuing my series about year-end tax tips and discussing why it’s so important to contribute to tax-advantaged retirement accounts. I’m diving into the differences between 401k’s, traditional and Roth IRAs, as well as the SEP IRA option for self-employed individuals.

 

Join me in this important episode to learn how you can maximize your tax savings and retirement contributions.

 

Also mentioned in today’s episode: 

  • 401k and 403b accounts 4:43

  • IRA contribution limits and tax benefits 7:13

  • Deadlines and contribution strategies 9:38

 

If you enjoyed this episode, please rate, review and share it! 

 

Links:

IRA income caps

Free Class: https://go.sunlighttax.com/free

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Save Money at Year-End: Healthcare

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Today, I’m chatting about healthcare related year-end tax planning strategies that you can use to save money if you are self-employed. I’m diving into the differences between Flexible Spending Accounts and Health Savings Accounts including the benefits and how you can maximize your contributions.

Join me in this episode to learn how you can make sure you’re making the most of your healthcare savings as the end of the year approaches.  

Listen and Subscribe Here

Today, I’m chatting about healthcare related year-end tax planning strategies that you can use to save money if you are self-employed. I’m diving into the differences between Flexible Spending Accounts and Health Savings Accounts including the benefits and how you can maximize your contributions.

 

Join me in this episode to learn how you can make sure you’re making the most of your healthcare savings as the end of the year approaches.  

 

Also mentioned in today’s episode: 

  • Flexible Spending Accounts 5:50

  • Health Savings Accounts 9:10 

  • Maximizing your HSA benefits 16:05

 

If you enjoyed this episode, please rate, review and share it! 

Links:

Join my Program: https://www.sunlighttax.com/moneybootcampimpact

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Lower Your Taxes at Year-End, Prevent a Cash Crunch

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Lower Your Taxes at Year-End, Prevent a Cash Crunch

As we approach the end of 2023, I want to talk about end of year tax planning and some strategies on how to avoid a cash crunch in April when your tax bills are due. I’m giving you some budgeting and accounting tips that can potentially lower your taxable income. 

 Join me in this episode to get some valuable insight on staying ahead of your taxes so you can avoid a big bill when the tax deadline comes. 

LISTEN AND SUBSCRIBE HERE

As we approach the end of 2023, I want to talk about end of year tax planning and some strategies on how to avoid a cash crunch in April when your tax bills are due. I’m giving you some budgeting and accounting tips that can potentially lower your taxable income. 

 

Join me in this episode to get some valuable insight on staying ahead of your taxes so you can avoid a big bill when the tax deadline comes. 

 

Also mentioned in today’s episode: 

 

  • Accelerating purchases and decelerating income before year end to minimize your taxes 3:40

  • Strategic spending before the year ends 5:20

  • Why quarterly taxes as an entrepreneur are so important 9:50


If you enjoyed this episode, please rate, review and share it! 

 

Links:

Free Class: https://go.sunlighttax.com/register 
Watch Youtube Video Version

Read More

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