Sam Rodriguez CFP® & Conor Shepard are wrapping up 2024 by talking about some popular "tax strategies" circulating TikTok and why they may be more risky than beneficial depending on your situation. In this episode, they discuss:
- The 6000 pound vehicle deduction and why it could cost more overall than what you end up saving in taxes
- Using an LLC to write off anything under the sun and how this can end up coming back to bite you down the road
- How charitable donations relate to your tax deductions and why they aren't an automatic tax reducing strategy
Watch On YouTube: TikTok TAX TIPS TO AVOID
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