How to Save on Taxes with Ankur Nagpal
#147: Chris and Ankur Nagpal (co-founder of Carry) discuss strategies to save money on taxes. They explore offsetting W2 income, limiting capital gains, some unique investments that help optimize your taxes and more! They also cover tax strategies for current and future business owners.\nAnkur Nagpal is the founder and CEO of Carry, which helps empower business owners to build\xa0their wealth. He also founded Teachable, an e-learning platform that was acquired for ~$250 million.\nLink to Full Show Notes: https://www.allthehacks.com/save-on-taxes-2023\n\nPartner Deals\nDaffy: Free $25 to give to the charity of your choice\nDeleteMe: 20% off removing your personal info from the web\nHenson Shaving: Plastic-Free, Precision-Built Razors + $100 free Blades\nLMNT:\xa0Free sample pack of my favorite electrolyte drink mix\nShopify: $1/month trial for the easiest e-commerce platform\nCarry: $400 off Pro Plan and free access to premium wealth building course\nFor all the deals, discounts and promo codes from our partners, go to:\xa0allthehacks.com/deals\n\nResources Mentioned\nAnkur Nagpal: Twitter | Carry (+ Carry's Free Resources)\nSide Hustles For Experts: GLG | Guidepoint\nProfessional CPAs: Gelt (Skip the waitlist with this link)\nTax Decoding Site: Decode.tax\nInterest Tracing Guidelines Tactics: Deloitte Guide | SVB Mortgage Example\nTax Advantaged Solar: Valur\nExchange Funds: Cache (Management fees waived for one year with this link)\nATH Episodes:\n\n#144: Leveraging Tax-Advantaged Accounts to Maximize Your Wealth with Katie Gatti Tassin\n\n\n#92: Year End Checklist for Your Money, Taxes, Points and Miles\n\n\n#62:\xa0Protect Your Family, Mitigate Taxes and Preserve Your Wealth\n\n\n\nFull Show Notes\n(03:30) Why It's Important to Pay Taxes\n(05:00) Basic Context on Taxes\n(08:33) Capital Gains for General W2 Income Earners\n(14:00) Itemizing Deductions\n(20:09) Charitable Deductions\n(25:14) Home Energy: Inflation Reduction Act\n(27:49) Tax Strategies for Parents\n(31:39) Non-Qualified Deferred Compensation Plans (NQDC)\n(39:29) Side Hustles for W2 Income Earners\n(40:47) Hiring a CPA vs. Doing Taxes on Your Own\n(45:39) Using AI to Help with Taxes\n(47:05) Tax Code for Personal Real Estate\n(53:36) Real Estate Investments\n(1:02:17) Tax Incentives for Solar\n(1:09:38) Other Investment Tax Strategies\n(1:12:29) Qualified Business Income Deduction\n(1:22:28) Health Insurance\n\nConnect with All the Hacks\nAll the Hacks:\xa0Newsletter\xa0|\xa0Website\xa0|\xa0Membership\xa0|\xa0Email\nChris Hutchins:\xa0Twitter\xa0|\xa0Instagram\xa0|\xa0Website\xa0|\xa0LinkedIn\n\nEditor\u2019s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.