• How to Maximize Your Tax Savings with Employee Benefits - w/ Corina Delugos (Ep. 56)

  • Oct 22 2024
  • Length: 22 mins
  • Podcast

How to Maximize Your Tax Savings with Employee Benefits - w/ Corina Delugos (Ep. 56)

  • Summary

  • We've all seen that long list of options your employer hands you. Do you need all of them? Which ones are worth it?

    In this episode, Corina Vakira Delugos, MBA, EA talks to us about which benefits can save you in taxes - so you're spending tax-free money for your expenses. Corina is a financial services professional with over 25 years of experience in tax, mortgage, and insurance planning.

    Key Takeaways:

    • Utilize Flexible Spending Accounts (FSAs) Wisely:

      • Depend Care FSA

        : Set aside up to $5,000 pretax for child or dependent care.

      • Healthcare FSA

        : Use for out-of-pocket medical expenses, but remember that funds generally don’t roll over.

    • Maximize Health Savings Accounts (HSAs):

      • Paired with high deductible health plans.

      • Triple tax benefits: contributions are tax-deductible, growth is tax-free, and withdrawals for medical expenses are also tax-free.

    • Explore Employee Stock Purchase Plans (ESPPs):

      • Purchase company stock at a discount.

      • Hold for over a year for favorable long-term capital gains tax treatment.

    Listen to the full episode for more tips and strategies to save on taxes while making the most of your employee benefits!

    Contact Corina - www.keenfinancialsolutions.com

    Ready to ditch the financial stress?

    • Subscribe to the Podcast: pod.link/1671924778
    • Don't forget to leave a review!
    • Follow Michelle on YouTube: https://www.youtube.com/@theunconventionalinvestor
    • Follow Michelle on Instagram: michelle.e.moses
    • Work with Michelle: www.mefinancial.net

    Disclaimer: The information provided in this podcast is for general informational purposes only and should not be construed as professional financial advice. Always consult with a qualified financial advisor or professional before making any financial decisions. The hosts and guests of this podcast are not responsible for any actions taken based on the information presented.

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