How much does the speaker say the favorite write-off saves per year?

Name: Favorite way to evade taxes?
Uploaded: 2023-05-27T14:00:22+00:00
Duration: 24 s
Channel: Peter Vander Wall
Description: Short YouTube clip by Peter Vander Wall describing a legal approach to reduce taxes by claiming business-related home expenses. The speaker explains…

Peter Vander WallFounder driving creative community growth

Favorite way to evade taxes?

27 May 2023 · 0 min

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0:24

Short YouTube clip by Peter Vander Wall describing a legal approach to reduce taxes by claiming business-related home expenses. The speaker explains calculating home office square footage and writing off utilities, Wi‑Fi, and areas used for work (including podcast studio), claiming this saves about $35,000 per year.

Questions this video answers

About $35,000 a year.

What's your favorite way to evade taxes? This is by not evading them at all, but legally following the tax incentives. Favorite write off saves me about $35,000 a year. Is calculating the square footage of our home, where we work, where we store work materials, a kitchen, a bathroom, and then the office spaces that we shoot our podcasts in. Utilities, Wi fi bills. Writing all of that off every single bill, which drops our taxes a ton.