Episode 67: Kaye Thomas on income taxes and how to lower them, host Rick Ferri

The podcast explores strategies for minimizing taxes, particularly capital gains, with guest Kaye Thomas, a tax attorney and author. It begins with an overview of various taxes including income, capital gains, net investment income, and alternative minimum tax, highlighting income thresholds and potential planning opportunities. The discussion covers tax-advantaged accounts like Roths and HSAs, and the importance of tax loss harvesting, including the wash sale rule and its implications. Also examined are Roth conversions, especially before Social Security and RMDs, and qualified charitable distributions. Other topics include the tax implications of different types of dividends, gifting appreciated stock to charity versus children, and the benefits of donor-advised funds.