950: Friday Q&A: Reduce Taxes in Retirement, Transfer Money Abroad, Alternatives to USA, Rip-offs, etc!
Radical Personal Finance
00:00
How to Reduce Your Taxes as an Employee
There's not a lot you can do in your current financial situation, but I'll tell you what you can do. If as long as you are working at a company and you don't have more than a 5% ownership interest in that company, then you can defer your salary into a 401k. The second thing that you can do is maximize your deductions,. so things like charitable deductions. Then if you want to give away some of the money, you could do that by donating it to charity.
Transcript
Play full episode
