Year End Tax Saving Strategies Part IV: Home Office, Vehicle Mileage, and the Augusta Rule

End-of-Year Tax Planning Made Simple | 4 Essential Strategies You Can't Miss

 

👉 In this episode of the Wealth Planning Podcast with Brister Law, Anthony Brister is wrapping up the year with 4 key tax planning strategies to help you save big and prepare for financial success. Watch as he breaks down how to utilize these opportunities:

 

⏱ Timestamps:

0:47 – Home Office Deduction: Learn how small business owners and remote workers can leverage unused spaces at home for a tax break.

2:59 – Vehicle Mileage Deduction: Discover how tracking your business-related driving can save you thousands.

4:57 – Augusta Rule: Unlock a tax-free income strategy by renting out your home for business purposes.

7:07 – Investing in Yourself: Gain tips for personal and professional growth to increase your value in the long term.

 

🚗 From tracking your miles to investing in your personal growth, each strategy offers practical ways to save money and set yourself up for financial stability in the coming year. Whether you're a business owner, self-employed, or just looking to make smarter moves with your money, this video is packed with actionable advice.

 

🔥 Key Takeaways:

Maximize the Home Office Deduction with simplified or actual methods.

Utilize the Augusta Rule for tax-free income when renting your home.

Log your vehicle mileage correctly for business deductions.

Prioritize investing in your personal and professional development for exponential rewards.

 

💡 Don’t leave money on the table—watch now to learn how to take advantage of these opportunities!

🔗 Subscribe for more actionable tax planning and wealth-building strategies: https://www.bristertaxlaw.com

🔗 Share this episode to help others get a head start on their year-end tax planning!