529 Plans: A Smart Investment in Your Future? (Tax Year 2024)
Learn about the advantages and disadvantages of 529 plans for saving for college and other qualified education expenses, including new 2024 tax implications and Roth IRA rollover options.
Tax-Efficient Investing: A Beginner’s Guide
Learn how to minimize your tax liability and maximize your investment returns with this beginner’s guide to tax-efficient investing strategies, covering tax-advantaged accounts, asset location, and state tax considerations.
Needs vs. Wants: Mastering the Art of Prioritization
Ever felt like your money disappears faster than you can earn it? Like you’re constantly juggling bills and expenses, with little left over for the things you truly enjoy? We’ve all been there! Understanding the difference between needs and wants is the first step towards taking control of your finances and building a brighter future. […]
Multiple Jobs and Taxes: A Guide for Employees
Many people are taking on multiple jobs to increase their income, pursue their passions, or gain valuable experience. While there are many benefits to working multiple jobs, it’s important to understand the tax implications. This blog post will provide a comprehensive guide to navigating the tax complexities of being a multi-job employee. Key Takeaways Having […]
How to Lock in 0% Long-Term Capital Gains Tax Before a Bracket Increase
Tax planning is a year-round activity. Smart investors are always looking for ways to minimize their tax liability, and with the potential for tax bracket increases, now is the perfect time to explore strategies to lock in favorable rates. Did you know that if your taxable income falls within a certain range, you might qualify […]
Want a Stronger Financial Future? 10 Simple Strategies to Try
Imagine having the financial freedom to pursue your dreams—whether it’s retiring early, buying your dream home, or simply enjoying peace of mind. Achieving financial stability might seem like a distant goal, but it’s often more attainable than you think. By adopting a few key strategies, you can set the foundation for a secure financial future. […]
How Banks Protect You From Scams (And When They Don’t)
We all trust our banks to keep our money safe. It’s easy to assume that our funds are completely secure within the walls of our trusted financial institution. While banks do have robust security measures to protect against many fraudulent activities, it’s important to remember that they can’t prevent every type of scam. Understanding the […]
Sneaky Fees: How to Avoid Hidden Charges & Save Money
We’re all feeling the pinch of inflation, but did you know that sneaky fees are quietly eating away at your budget too? At XOA TAX, we believe in empowering you to take control of your finances. That’s why we’re shining a light on these hidden charges and sharing strategies to help you keep more of […]
Unlocking Wealth Building Strategies: Insights from the Ultra-Rich
Unlock the secrets to wealth building by learning the strategies employed by the ultra-rich, encompassing passive investing, smart borrowing, and tax optimization techniques, all while establishing a solid financial foundation.
Time is Money: How to Build Wealth in the Next 10 Years
Have you ever wondered how some people seem to build wealth while others struggle? Alex Hormozi, a successful entrepreneur and author, shares his no-nonsense advice in his video “No BS Advice to Get Rich in the Next 10 Years.” This article breaks down his key insights into simple steps you can take to achieve your…
