How to (Legally) Avoid Paying TAXES on your Side Hustle

  Рет қаралды 920

Mat Sorensen - Wealth Lawyer & Entrepreneur

Mat Sorensen - Wealth Lawyer & Entrepreneur

Күн бұрын

Today, I'm going to talk about the ins and outs of legally reducing your tax burden on side hustle income.
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Ask Mat:
matsorensen.com/ask-mat/
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Пікірлер: 5
@MatSorensen
@MatSorensen 2 ай бұрын
Ask me a question here: matsorensen.com/ask-mat/
@GotGracexxxxx
@GotGracexxxxx Ай бұрын
There are only three levers you can move to adjust your income: what you earn, what you spend, and how you strategize taxes.
@doc0875
@doc0875 2 ай бұрын
S-Corp not worth the hassle for a small to moderate (possibly time-limited) 1099 side gig just to save some on self employment tax.
@MatSorensen
@MatSorensen 2 ай бұрын
It pays off if you have $50k net income. If you’re only netting $10 or $20k it isn’t worth the hassle.
@John-bx6if
@John-bx6if 2 ай бұрын
There's 26 write offs w an S Corp. Do It!
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