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11 sats
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@MorgenRochard
OP
28 Apr 2025
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parent
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on: Hi! I'm Morgen Rochard, I am a bitcoin financial planner, AMA
AMA
:) How to not pay them lol
The most common ways to reduce tax bills:
Max out retirement accounts if cash flow allows (bitcoiners dont usually like this one unless they have access to the bitcoin ETFs)
Use tax advantaged accounts like HSAs (same critique as above)
Itemize taxes if possible - the standard deduction is high now so this may not work for everyone
Tax loss harvest in down markets
Manage business deductions
Defer income to next tax year (business owner, or defer a bonus if possible)
Income shifting to kids, as possible
Donate to charity
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10 sats
:) How to not pay them lol
The most common ways to reduce tax bills: