Here’s 5 ways to avoid costly tax mistakes and keep more of your wealth.

1️⃣ know your deductions. Don’t miss out on business expenses you can write off.

2️⃣ Use cost segregation studies for your real estate to accelerate depreciation.

3️⃣ Plan for capital gains to avoid big tax hits.

4️⃣ Traditional & SEP IRAs allow you to get a deduction now, BUT you’ll pay taxes when you take the money out.

5️⃣ Health Savings Accounts give you a tax deduction and they’re tax free when used for qualified expenses.

Bonus: Roth IRAs & cash building life insurance policies also pay out tax free.

These strategies can save you thousands and give you peace of mind.

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Martin and Chelsea Matthews are authors, public speakers and Financial Literacy advocates leading a team of professionals with clients in 47 states. With over 21 years combined in the financial industry as award-winning financial professionals, they focus on helping clients build an Unbreakable Financial House.

Their book “Let’s Fight About Money” helps couples communicate about money and handle conflicts. They’ve hosted the Love&Money Show on the Wooditch Network; a financial, personal development and entrepreneurship focused video show highlighting how to Make More, Save More & Give More. They live in Georgia with their son, William.

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