Podcasts Business Student Loan Planner Tax Loopholes That Could Save You Five Figures

Tax Loopholes That Could Save You Five Figures

Published: Nov. 14, 2023, 6 a.m.

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This is a groundbreaking episode where I\\u2019m unveiling something that will revolutionize your financial world. Joining me is Rebecca Baldauf, CPA, CCFC, and together, we\\u2019re rolling out our new tax planning service. Tailored to anyone who would love to streamline financial, student loan, and tax planning strategies, SLP Tax Planning brings together a seamless in-house team of experts marching forward together \\u201cin lockstep.\\u201d\\xa0

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You\\u2019ll discover a few tax strategies that have specific impacts on borrowers managing student loan repayment and tips for business owners to consider. We\\u2019ll also cover why we\\u2019re rolling out a tax component (hint: wealth planning and tax optimization go hand-in-hand) and how our suite of services is uniquely designed with you in mind. So, skip the headache of juggling the many moving parts of a cohesive financial plan and don\\u2019t miss the debut of this exciting new tax planning service.

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In today\\u2019s episode, you\'ll find out:

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  • Why mastering student loan management is crucial for effective tax planning

  • Creative ways to optimize charitable deductions for better tax outcomes

  • Strategies for maximizing mortgage interest deductions in today\'s market

  • How to smartly use capital losses to lower your adjusted gross income

  • The benefits of renting your home to your business and how to do it right

  • The importance of tracking carry-forward losses to maximize tax savings

  • How business owners can use Section 179 for significant tax deductions

  • About navigating the nuances of deducting business meals and entertainment

  • Structuring your business for the best tax advantages

  • Leveraging tax filing extensions to benefit your income-driven repayment plan

  • How to decide the best filing status in light of your student loan situation

  • The benefits of income splitting in community property states

  • Key steps to engage with SLP\\u2019s tax planning service

  • A special offer for podcast listeners to join SLP Wealth with a bonus

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Like the show? There are several ways you can help!

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Feeling helpless when it comes to your student loans?

Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!

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