It's time to step into your role as a financial disciple! Compass Catholic's Change Maker Podcast provides practical tips for anyone who is struggling to live IN this world while not living OF this world. Join Caitlyn Kano, Executive Director of Compass Catholic, as she explores personal money management through a spiritual lens. We discuss personal finance topics, provide tips and practical advice and share our money stories, all from an authentically Catholic viewpoint. You don't need a high net worth to start living a rich live! To learn more about Compass Catholic Ministries, visit www.CompassCatholic.org. To be a part of this show, send an email to Podcast@CompassCatholic.org.
Episodes
Saturday Sep 30, 2017
How to save money on your taxes
Saturday Sep 30, 2017
Saturday Sep 30, 2017
In Mark 12:17, Jesus said to pay to Caesar what belongs to Caesar, but if Caesar creates rules that allow you to lower your taxes . . . then take advantage of those opportunities! Here are some tax saving ideas.
- Adjust the number of dependents claimed on your W4 form so you are tax neutral.
- Boost your retirement savings and reduce your taxes by contributing to a qualified retirement plan.
- Take advantage of a health spending account and a child-care reimbursement account if your employer offers them.
- A child born, or adopted, is a blessed event for your tax return. An added dependency exemption will knock $4,050 off your taxable income.
Saving money on your taxes isn’t just an April 15th tax-day exercise. Monitor your income and expenses to save on your taxes all year long.
Read Evelyn's Blog: Tax Saving Ideas
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