Carry

The IRS clock is ticking. ⏳ 10 days left. Get your refund (and tax strategy) in check before it’s too late! Still have questions? Join one of these 2 Q&A sessions to make the most of tax day: Monday - Learn proven tax strategies for business owners, side hustlers, and creators. Accountant or self-serve, you don't want to miss these. https://lnkd.in/edsehrZC Tuesday - Join Joseph D. Stabile, CFP®, ChFC, CEPA. for a last-minute checklist and smart moves to make before the deadline. Plus how to set yourself up for a better 2025. https://lnkd.in/ez4M3DMa #taxes #taxseason

How do you decide when and where to invest in ad spend? What about creating stop-scrolling UGC? We'll be getting into all the details with @TheWalid this Monday! Save your spot and bring your questions here: https://lu.ma/founderhacks #UGC #paidads #contentstrategy

One of the most tax-advantaged accounts in the U.S. is also one of the most overlooked: The Health Savings Account (HSA). Despite the name, it’s not just a savings account—it can also be a powerful tool for long-term financial planning, if used strategically. The HSA is unique in that it offers triple tax advantages: – Contributions may be tax-deductible – Earnings can grow tax-free – Withdrawals for qualified medical expenses are also tax-free This combination is not available in any other account type. Common pitfall:Many people use their HSA like a regular spending account. But if you’re able to pay for healthcare expenses out of pocket, one strategy is to leave the HSA invested and growing, while saving receipts. Why? Because you can reimburse yourself at any time in the future for past qualified expenses—as long as you keep proper documentation. Things to consider: – You must be enrolled in a high-deductible health plan (HDHP) to contribute – HSA funds can typically be invested once the balance crosses a certain threshold (varies by provider) – Roughly 90% of account holders do not invest their HSA funds—missing potential long-term growth – Reimbursements for qualified expenses can be taken years later, without taxes or penalties Important: If you’re considering an HDHP primarily to access an HSA, weigh the tradeoffs carefully. Lower premiums often come with higher out-of-pocket costs, and this may not be right for everyone. We created an in depth guide with everything you need to know about HSAs: https://lnkd.in/evwRb4AA #HSA #Health #Taxes #TaxSeason

We just rolled out a referral program for all paying Carry customers! Invite a friend to Carry and you’ll both get $100 when they open an account. How it works: 1) Share your referral link (found inside your Carry account) 2) Your friend gets $100 off our Basic or Pro annual plan 3) Receive your $100 referral bonus! Find your link under your profile in the top-right of your Carry account and hit Refer a Friend to pull up a referral dashboard that generates your unique link. Terms and conditions may apply, learn more here: https://lnkd.in/ePqh-VAv

Want to create TikToks that actually convert? Join Joseph Choi—product at Google and mastermind behind a community of TikTok-viral consumer app founders—for an exclusive Carry workshop. He’s breaking down the exact formulas, scroll-stopping hooks, and content strategies that drive real downloads and engagement for your business. Join us live, bring your Q&A, or sign up to get the replay.

The biggest financial blind spot for most business owners? Tax planning. Not tax filing. Strategic tax PLANNING. While most business owners focus on growth and operations, they're leaving significant tax savings on the table each year. I've seen it firsthand: → The consultant who saved thousands by restructuring their business entity → The practice owner who reduced her tax bill through strategic retirement contributions → The tech founder who kept more of his profits with proper income timing strategies Next Tuesday (April 8th at 2pm ET), I'm hosting a free webinar with Carry on Tax Planning 101 for Business Owners. You'll learn: • The biggest tax mistakes • Proactive planning strategies that can make a HUGE difference in your bottom line This isn't about complex loopholes or aggressive tactics. These are straightforward, IRS-approved strategies that business owners simply aren't being told about. Send me a message if you want the registration link. Would love to see you there!

Want to learn the formulas, scroll-stopping hooks, and content strategies that drive real downloads and engagement for your business? Join Joseph Choi as he breaks it all down today: https://lnkd.in/eun-irtk #viral #app #founders #consumer

Most people use ChatGPT like a better search bar. But with the right prompt, it can become your strategic planning co-pilot. We created a 1-page framework to generate clearer, more actionable outputs—everything from draft strategic plans to GTM roadmaps and OKRs. It’s fast, repeatable, and actually useful if you're: ✅ Leading planning cycles ✅ Supporting execs or founders ✅ Trying to speed up early thinking The framework helps you: — Define the AI’s role — Give just enough business context — Get structured output you can build on If you’re still starting strategy docs from scratch, this guide might change that. Grab it here → https://lnkd.in/ghdseZfv #AI #chatgpt #strategy

March was a massive month for product releases at Carry We launched: • Mutual fund trading • Recurring investments • A customer referral program • A new, automated transfers center But my favorite new feature? An automated Backdoor Roth IRA Here's how it works: If you make over $150K, you cannot directly contribute to a Roth IRA. You need to instead use the "Backdoor Roth IRA" loophole The trouble is most people don't do it because it's complicated and easy to mess up So we built an automated Backdoor Roth IRA feature! Here's how it works: • We check to see if the user has a Traditional IRA balance so that they don't get hit with an unnecessary tax bill. • After they contribute dollars to a Traditional IRA, we automatically transfer the amount to a Roth IRA after a few days! • Customers can also opt into having Carry to do their taxes for them, so we can take care of the correct forms during tax season as well! If you are an existing Carry customer, give it a shot and lmk what you think 👀

Tax Day is around the corner. Most strategies to lower your 2024 tax bill are likely already off the table... But a few options are still on the table *if you haven’t filed yet.* Here’s a quick rundown! What's still possible: Contribute up to $7,000 to an IRA for 2024. - If you don’t have a 401(k), you might get a tax deduction. - If you do, a Roth IRA could still be beneficial (tax-free in retirement). Make too much to qualify for a Roth IRA? You could explore a Backdoor Roth, here's how: - Contribute to a traditional IRA (limits apply) - Convert it to Roth later Heads up: the pro-rata rule can get tricky, so this isn’t one-size-fits-all. Have a high-deductible health plan? You may still be able to contribute to an HSA for 2024. - Tax-deductible on the way in - Tax-free potential growth - Tax-free withdrawals for qualified medical expenses 2024 limits: $4,150 (individual), $8,300 (family) Have self-employment or freelance income? You might still be able to: - Set up a Solo 401(k) - Potentially contribute up to $69,000 (net earned income dependent) This could potentially lower your 2024 tax bill. Solo 401(k) limits: - $23,000 employee side - ~20% of net profit (after SE tax adjustment) on the employer side If you want to go Roth, there’s also the potential Mega Backdoor Roth path. Lastly, some basics that still matter: - Work with a good tax preparer to make sure your do this properly - If you file an extension, estimate payments carefully to avoid penalties - Double-check your business deductions—they can add up Even late in the game, there are still a few levers to potentially explore. If you're self-employed or have a side hustle, you might have more flexibility than you think. For more strategies like this, check out our free weekly newsletter: carryletter.beehiiv.com We keep it simple, actionable, and tax-savvy. Disclosure: This is for not intended to be financial, tax or legal advice. Not all plans or strategies discussed may be suitable for you. Investing in involves risk, including total loss. Profit is never guaranteed. (carry.com/disclosures).