• In The News:
    Share This:

    Unusual Tax Strategies You Can Do Now to Save on Your Taxes

    Unusual Tax Strategies to save money

    5 Unusual Tax Strategies You Can Do Now to Save on Your Taxes


    By David Rae Certified Financial Planner™, Accredited Investment Fiduciary™

    Unusual Tax Strategies was the topic for the December 2016 KTLA Morning News appearance by Financial Planner LA David Rae.  He was in studio with Jessica Holmes and Frank Buckley discussing how you can save money on taxes with these 5 Unusual Tax Strategies that many people miss.


    The top 5 Unusual Tax Strategies discussed on this tax saving segment for KTLA include:

    Unusual Tax Strategy 1: Smart Strategies to avoid the Gift Tax

    Unusual Tax Strategy 2: Fostering a Pet–  would you believe expense for fostering a cute little puppy could be deductible. This goes for other charitable expenses you may incur while doing good.

    Unusual Tax Strategy 3: Installing a Swimming Pool. As long as it is approved by a “medical  practitioner,” the IRS allows you to deduct the costs of acupuncture, vitamins and herbal supplements and, in some cases, even a swimming pool

    Unusual Tax Strategy 4: PRIVATE MORTGAGE INSURANCE:  While most taxpayers know they can deduct their mortgage interest, few know that they can also deduct their private mortgage insurance.

    Unusual Tax Strategy 5: SAVING TO EARN TAX DEDUCTION AND CREDIT : Depending on your income you may be able to get an additional tax credit for contributing to retirement account. Tax credit are even better than tax deduction as they can reduce your tax bill dollar for dollar.  This unusual tax strategy may even make ROTH IRA contribution come with a tax credit.

    DAVID RAE, CFP®, AIF® is a Los Angeles-based financial planner with DRM Wealth Management, a regular contributor to Advocate Magazine, Huffington Post, Investopedia not to mention numerous TV appearances.  He helps smart people across the USA get on track for their financial goals.  For more information visit his website at www.davidraefp.com

    Do you know which is best, Tax Deduction or Tax Credit?

    Video originally appeared Live on the KTLA news broadcast as well at the KTLA website under the title Financial Planner Shares Unusual Tax Strategies you can do now to Save on Taxes.


    Connect With David Rae, Financial Planner LA

    David Rae, CFP® AIF®

    President / Founder DRM Wealth Management LLC

    1(323) 905-4380


    "Unusual Tax Strategies You Can Do Now to Save on Your Taxes"

    © Copyright 2018


    Leave a Reply

    Your email address will not be published. Required fields are marked *

    © 2018 Financial Planner Los Angeles


    This site has been published for residents of California (Insurance License # OE10562), Arizona, Ohio, Florida, and Colorado. All information herein has been prepared solely for informational purposes, and it is not an offer to buy or sell, or a solicitation of an offer to buy or sell any security investment or instrument or to participate in any particular trading strategy. Securities and investment advisory services offered through DRM Wealth Management LLC a Registered Investment Adviser. The videos, articles and other content maintained on this site as well as the opinions voiced in this material are resources for educational and general informational purposes only and are not intended to provide specific advice or recommendations for any individual. No information on this site constitutes financial advice and should not take the place of consulting with a certified financial planner and tax, legal or other financial advisor. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing.