In this episode, Brent continues the Eight-Step Tax Strategy Framework and focuses on Step 3: Tax Credits. While deductions reduce taxable income, tax credits reduce tax directly and can create powerful savings when used correctly. Brent explains the difference between refundable and nonrefundable credits and walks through how these credits apply to both individuals and business owners. This episode helps you understand how to identify valuable credits, how they interact with your overall tax plan, and how to incorporate them into your full tax strategy rather than treating them as afterthoughts. Next episode: Step 4 in the tax strategy framework.

In this episode, Brent continues the Eight-Step Tax Strategy Framework by explaining Step 2: Defer Income and Accelerate Expenses. Although this strategy sounds simple, Brent breaks down why timing can significantly affect your tax outcome and how both employees and business owners can use these tools effectively.

This step shows that tax planning is not only about what you earn but also about when you earn and spend. Understanding these timing opportunities helps you stay proactive and maximize savings throughout the year.

Next episode: Step 3 in the tax strategy framework.

In this episode, we begin the Eight-Step Tax Strategy Framework by focusing on Step 1: Deductions, which is one of the most important and often overlooked parts of tax planning. Brent explains how deductions work for different types of taxpayers, including W-2 earners and business owners, and why understanding your tax bracket is a key part of making smart financial decisions. You will learn: - The difference between standard and itemized deductions - Commonly missed personal write-offs such as medical expenses, mortgage interest, charitable contributions, and property taxes - How business owners can use reimbursement plans, fringe benefits, and legitimate business expenses to reduce taxes - Advanced deduction opportunities such as defined benefit plans, captive insurance, charitable strategies, and conservation easements - Why it is important to review expenses you have already paid personally but have not charged to your business This episode lays the groundwork for the entire tax strategy framework. It helps you understand your position in the tax code and ensures you do not miss deductions that could meaningfully lower your tax bill. Next episode: Step 2, Deferring Income and Accelerating Expenses.