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154 - How Can I Reduce Taxes on Side Hustle Income?

EPISODE · Jun 1, 2022 · 16 MIN

154 - How Can I Reduce Taxes on Side Hustle Income?

from Real Personal Finance · host Scott Frank and James Conole

Scott and James discuss how you can reduce taxes on side hustle income. Planning Points Discussed Utilizing Time Efficiently Capital Appreciation Purchasing Power Other issues (IRAs, Inflation, Financial Goals, etc.) Timestamps: 1:10 - Listener Question 3:25 - Taxes 5:50 - Retirement Contributions 7:43 - Retirement Contribution Maximums 9:14 - Solo 401(k) v. SEP IRA 11:35 - Can My Spouse Contribute? 14:27 - Target Income & Timeframe 16:11 - Aligning Your Financial Goals LET'S CONNECT! James Facebook LinkedIn Website Scott Facebook Twitter Website ENJOY THE SHOW? Don’t miss an episode, subscribe via iTunes, Stitcher, Spotify, or Google Play. Leave us a review on iTunes. Have a money question you want us to answer? Submit one here

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154 - How Can I Reduce Taxes on Side Hustle Income?

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