ilmscore | Prediction Details
"if you're working a typical nine to five job see if your employer offers a 401k which can reduce your taxable income by the amount that you invest we're looking to tax less harvesting you're losing Investments the end of of the year so that you could offset up to three thousand dollars from your paycheck or if you're on a business it might make sense to run that through an LLC or an S corporation so that you could reduce your self-employment tax"
By Graham Stephan | May 1, 2023 | Pending
From video
9 Money Habits Keeping You Poor 00:04:50 - 00:05:09
Interpreted Prediction
Utilizing employer 401k contributions and tax-loss harvesting can reduce taxable income and offset paycheck taxes by up to $3,000. Business owners may benefit from structuring as an LLC or S-corp to lower self-employment tax.

Prediction Details

Topic
Tax Strategies

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