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Wednesday, November 5
Smart Taxes
The Tax Trick My Accountant Uses to Cut My Bill Every April
I’ll never forget the first time my accountant leaned back in his chair and said, “You’re paying more than you need to.”
He wasn’t talking about loopholes or sketchy deductions — just smart planning most people overlook.
That year, he saved me nearly $3,000 with one small shift: reclassifying a few expenses and maximizing tax-deferred contributions.
Since then, I’ve learned that most people don’t need a tax expert, they just need a few insider habits the experts quietly use themselves. Let’s walk through some of them. 👇
🌟 Today’s Highlights
The “tax calendar” mindset that prevents April panic
3 overlooked deductions worth revisiting
What the IRS actually encourages you to do to reduce taxes
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💡 Today’s Insight: The Calendar Trick
Most of us only think about taxes in March or April. But the smartest planners treat it like a 12-month project, not a one-day sprint.
Here’s what that looks like:
1️⃣ Automate deductions throughout the year
Instead of scrambling for receipts, use a simple app to track them in real time. (See Forbes’ guide to the best tax apps → Forbes Tax App Guide)
2️⃣ Max out “before-tax” opportunities early
401(k)s, HSAs, and IRAs don’t just grow your savings, they reduce your taxable income today.
A good explainer from NerdWallet covers how timing affects your bracket → NerdWallet: Pre-Tax Contribution Benefits.
3️⃣ Claim what you’re already spending
If you work from home, pay for education, or have medical expenses, those can work in your favor.
H&R Block breaks down 20 common write-offs you might miss → H&R Block Deductions List.
4️⃣ Think like an investor, not just a taxpayer
Shifting where your money sits can change how much tax you owe.
Morningstar shows how tax-efficient investing works → Morningstar: Tax-Efficient Investing.
🔑 What You Can Do This Week
Set a recurring calendar reminder: “Check my tax-saving moves.”
Review one deduction or contribution area you’ve ignored.
Read the guides above and pick one tip to apply before next April.
📬 Question for You
What’s the smartest tax move you’ve ever made, or wish you knew sooner?
Hit reply and share, I might feature a few in next week’s issue.
💌 PS:
Next week, we’re diving into “Money Myths That Cost You Thousands”, and how to flip them in your favor. Stay tuned.
Warmly,
Sarah