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Elevate - From Burnout to Bliss
Elevate: From Burnout to Bliss is a transformative podcast for driven professionals in their 40s and 50s, guiding them from career fatigue to financial freedom and a passion-fueled life. Through inspiring stories and expert insights, the podcast explores new opportunities, mindset shifts, and strategies to help listeners regain fulfillment and purpose in their careers and lives.
Elevate - From Burnout to Bliss
Season 2 Episode 12: Tax Prep vs. Tax Planning: 20 Strategies You Need to Know
Are you filing your taxes… or planning them? 👀
In this episode of The Elevate Podcast, Reginald & Ebony Clark break down the real difference between tax prep and tax planning — and why the latter can help you keep more of your hard-earned money in 2025 and beyond.
From maximizing your retirement and HSA contributions to hiring your kids, leveraging real estate, and using smart timing strategies, these 20 proven tax moves can help you reduce your tax bill and build long-term wealth.
💡 In this episode, you’ll learn:
- The #1 mindset shift between tax prep and tax planning
- 2025 contribution limits for 401(k), IRA, and HSA accounts
- How to legally reduce your tax liability as a business owner
- Strategies for real estate investors and legacy builders
- Why now is the time to consider Roth conversions before tax rates rise
Whether you’re a W-2 employee, entrepreneur, or investor, this episode will help you approach tax season strategically — not stressfully.