224: Tax Savings Hacks 101 with Johnny & Sam

It's tax time in the United States, so Johnny and Sam go over some of the (legal) tax hacks they've learned about and taken advantage of over the years. Many of these may apply to other residents of other countries as well, so find out what you may be missing out on in this episode. If you have more hacks to add, make sure to let us know! Listen to ILAB 224 on iTunes here or subscribe on your favorite podcast app. Where we are: Johnny FD – Greece / IG @johnnyfdj Sam Marks – Thailand / IG @imsammarks Derek Spartz – Los Angeles / IG @DerekRadio Sponsor: Indeed Receive a $75 credit for a sponsored job post when you visit Indeed.com/ILAB Support Invest Like a Boss: Join our Patreon   Like these investments? Try them with these special ILAB links: ArtofFX – Start with just a $10,000 account (reduced from $25,000) Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK) *Johnny and Sam use all of the above services personally. Time Stamp: 10:19 – Would you consider giving up your American citizenship? 15:45 – What is earned income? 20:39 – What is FEIE? 28:18 – What are the tax advantages of living in Puerto Rico? 32:09 – What is the Self-employment tax and how do you work around it? 36:02 – What is Capital gains? 43:27 – How is starting your own business one of the biggest tax breaks? 55:09 – What is a health savings account? 57:31 – What is a donor advised fund? If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here!  Copyright 2022. All rights reserved. Read our disclaimer here.