631: BiggerNews July: Rich Dad's CPA on How ANY Investor Can Avoid Taxes in 2022

<p>Everyone wonders <strong>how the rich </strong><a href="https://www.biggerpockets.com/blog/capital-gains-tax" rel="noopener noreferrer" target="_blank"><strong>avoid taxes</strong></a>. To most Americans, it seems like there is some <strong>big loophole</strong> that only the mega-wealthy know about, leaving average workers strapped with a large tax bill. Are the ultra-wealthy cheating the tax code, or are they onto something that everyday Americans simply don’t know about? <strong>Tom Wheelwright</strong>, author of <em>Tax-Free Wealth</em> and <strong>Rich Dad’s (Robert Kiyosaki) CPA i</strong>s here to tell you how to take advantage of these big tax deductions that mystify small-time investors.</p><p>If you’re already<strong> investing in real estate</strong>, you’ll know that the tax deductions can be plentiful. You get mortgage interest, <a href="https://www.biggerpockets.com/blog/beginners-guide-depreciating-investment" rel="noopener noreferrer" target="_blank"><strong>depreciation</strong></a>, maintenance, and insurance<strong> write-offs</strong>. But, even bigger than those, are<strong> bonus depreciation</strong> and <a href="https://www.biggerpockets.com/blog/cost-segregation-real-estate" rel="noopener noreferrer" target="_blank"><strong>cost segregation</strong></a>, which aren’t complicated tax strategies and can help almost any investor reduce their tax bill significantly. So <strong>what can an average investor like you do to get started saving on taxes?</strong></p><p>Tom walks through the <strong>2022 tax deductions</strong> that are decreasing this year, which to take advantage of immediately, how to find the right CPA for you, and<strong> which write-offs you may be missing</strong>. These tips could reduce your taxes by a significant amount, freeing up much more of your capital for future real estate deals!</p><p><strong>In This Episode We Cover:</strong></p><p>The<strong> disappearing tax deductions</strong> that every investor should take advantage of</p><p><strong>How the wealt