Taxes Archives

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Donor-Advised Funds: Pay Fewer Taxes On Your Charitable Giving

December 11, 2019

There are a lot of differing opinions in the FI community–but one thing that everyone can usually agree on is the fact that giving to charity is something that everyone who has the means to do so, should do. People on the path to Financial Independence often want to find a way to donate to …

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The 4 Worst FI Tax Hacks (And What To Do Instead)

Spend Less
§Taxes

October 29, 2019

This is a guest post from Sean Mullaney. As always, the below commentary is general and educational in nature and does not constitute tax, investment, legal, or financial advice with respect to any particular taxpayer. There are many great tax ideas in the FI community. I believe some of them are fraught with danger if …

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How To Fill Out A W-4 With Confidence

Spend Less
§Taxes

August 08, 2019

Your W-4 lets your employer know how much of your paycheck to withhold for federal income taxes. If your state charges income tax as well then you will have a separate form for that. Everything we are talking about in this article relates to federal income taxes and the W-4 only. While simple, filling out …

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Challenge: Get Your Tax Refund Down To Under $100

Spend Less
§Taxes

July 24, 2019

This tax season, returns have been uncommonly low, and everyone has noticed. If you tuned into episode 116r of the Choose FI podcast, you know why that’s not necessarily a bad thing. But for those who didn’t listen, this post will cover why you should try to get your next year’s tax return under $100. …

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How To Hire Your Children And Reap The Tax Benefits

Spend Less
§Taxes

July 10, 2019

When it comes to parenting, teaching children financial lessons they use throughout their lives is an important part of our job. This includes teaching them about finances by paying them to work for us. Although we all would love to be able to pay them tax-free, not everybody can get away with paying their children …

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Podcast Shownotes

Year End Tax Planning 2021 | EP 351

Money Plan
§Taxes

November 15, 2021

In this week’s episode, Brad and Jonathan are joined by Sean Mullaney to get a jump start on 2021’s tax planning season. Together, they discuss managing Backdoor Roth IRAs before the 12/31 deadline, changes to the relevant tax regulations, amended returns, solo 401k’s for contractors and entrepreneurs, and so much more! Listen along to see …

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How Do I Figure Out the Taxes on This? | EP 346

Money Plan
§Taxes

October 10, 2021

In this week’s episode, Brad and Jonathan examine the concept of assets and where they fit in your general tax strategy. Together, they discuss the different factors that effect how and when you pay your taxes, compare the differences between Roth IRA’s and 401k’s, and explore potentially beneficial ways in which after-tax investments and 401k’s …

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Transform Your Tax Return Into a Springboard for Financial Planning | EP 332

Money Plan
§Taxes

July 04, 2021

In this week’s episode, Brad and Jonathan are joined by none other than the “FI Tax Guy” himself, Sean Mullaney. Together, they highlight reasons why your tax return may not be such a great thing, and the different ways you can leverage your tax planning to your own advantage! Sean Mullaney Website: Fi Tax Guy …

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The Roth 401K and Meal Planning Made Easy | EP 289

January 21, 2021

What You’ll Get Out Of Today’s Show For almost 12 months, we’ve all been trying to do the best that we can. As frequently discussed on the show, we try to do things slightly different, optimize in the ways that we can, and make the best of the situation. Jonathan’s wife Dani has been coming …

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Tax Planning 2020 | EP 274

November 29, 2020

Sean Mullaney Website: Mullaneyfinancial.com Blog: The FI Tax Guy What You’ll Get Out Of Today’s Show It’s end-of-year tax planning time. As you get further along in your financial independence journey, there are likely more end-of-year tax planning items you’ll need to be aware of. Having a checklist to review annually is useful. It’s been an unusual …

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