6 Ways to Offset Taxes on W2 Income

Summary

This video provides strategies to offset W2 income taxes. It discusses Health Savings Accounts (HSAs), 401(k)s, starting a side hustle, and real estate investing as ways to reduce tax liability. The speaker emphasizes that one does not need to quit their W2 job to pursue these strategies and mentions that material participation in a short-term rental business can lead to significant tax benefits.