How to Avoid Taxes on Real Estate and Retirement Accounts in 2025 | Bigger Pockets Video

Episode #608

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2024 may be long gone, but it’s NOT too late to lower your taxes for the previous year. If you have real estate or retirement accounts, you already hold the key to minimizing your taxable income and owing less to Uncle Sam. But how do you do it? We’re sharing 2024 and 2025 top tax reduction strategies in today’s show with expert CPA and real estate investor Amanda Han!

Do you know about the real estate tax “loophole” that helps everyday investors cut their taxable income by tens of thousands? Got an employer-contributed retirement plan? You could STILL use it to lower your 2024 taxes! And why should you NOT take the standard deduction if you’ve bought a home in the past few years? We’re answering all of these questions so you can keep more of your hard-earned money.

Finally, what audit red flags is Amanda seeing with her clients? There’s one easily avoidable audit trap that MANY Americans are falling into that could take just minutes to circumvent. Should we even be talking about income taxes if President Trump plans to eliminate them? Amanda, Mindy, and Scott are sharing their opinions on whether this will reach fruition.

00:00 Intro
00:56 You Can STILL Save on 2024 Taxes
05:54 Lowering Your Taxable Income
10:27 You Can STILL Contribute for 2024!
14:22 Estimating Your Taxes
16:22 Itemizing vs. Standard Deduction
18:21 Commonly Overlooked Write-offs
21:41 Audit Red Flags!
23:06 Will Tax Rates Rise or Fall?
28:03 Opportunity Zones Have Changed
31:08 How to Prepare for 2024/2025
35:15 Connect with Amanda!