Show Notes
Tax Day is right around the corner, and tax strategist Karlton Dennis is here to make sure you don't leave a single dollar on the table. Today he breaks down the legal loopholes that you can still take advantage of before the filing deadline and the long-game moves that can keep thousands in your pocket.
Nicole and Karlton cover tax strategies for both W2 employees and entrepreneurs, how parents can use the tax code to build wealth for their kids and new deductions from the Big, Beautiful Bill that you should definitely be taking advantage of. Plus, Nicole and Karlton break down viral hacks like the Range Rover write-off, the Augusta Rule that lets you pay yourself tax-free, short-term rental deductions, and putting your kids on payroll.
Check out Nicole’s financial literacy course The Money School
Find a Financial Advisor or Financial Coach from Nicole’s company Private Wealth Collective
Watch video clips from the pod on Money Rehab’s Instagram and Nicole Lapin’s Instagram
Follow Karlton on Instagram and YouTube
Here's what Nicole covers with Karlton:
Are You Ready for Some Money Rehab?
Last-Minute Tax Moves Before the Filing Deadline
Bonus Depreciation and the Big Beautiful Bill
The Range Rover Write-Off: How the Math Actually Works
The Best Part of the Tax Code for Entrepreneurs
How Karlton Writes Off Clothing
When Should a Side Hustler Set Up an LLC?
IRS Red Flags
What Actually Happens During an IRS Audit
Why Karlton Thinks of the IRS Like a Dentist
How to Pay 0% in Income Taxes (And Why That's Not Always the Goal)
How Elon and Trump Avoid Taxes
Short-Term Rentals 101
The Augusta Rule: Pay Yourself $28K Tax-Free
Why Karlton Is Obsessed with S-Corps
The QBI Deduction and How to Maximize It
What to Think About When Forming an Entity
QSBS: The Exit Strategy That Could Save You $40M in Taxes
How to Make Your Kids Millionaires
The Backdoor Roth IRA Explained
Self-Directed Roths and the Peter Thiel Strategy
How to Get Tax Breaks for Watching Movies
The Tax Scam to Avoid Right Now: Charitable LLCs
Why AI Is Not Your Tax Advisor
Karlton's Tip You Can Take Straight to the Bank
All investing involves risk, including loss of principal. This episode is for informational purposes only and does not constitute financial, investment, or legal advice. Always consult a licensed professional before making financial decisions.