Podcast thumbnail for Tax Free Living w/ Carter Cofield

Tax Free Living w/ Carter Cofield

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by Melanin Money Media

13 episodes
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Podcast Overview

What if you could live tax free? On Tax Free Living with Carter Cofield, Certified Public Accountant and co-owner of Melanin Money, Carter Cofield shows you how to legally cut your tax bill to the bone and keep more of what you earn. He’s helped business owners save over $100,000 in taxes—and now it’s your turn. Carter has spent years mastering the smartest tax-saving strategies, and now he’s breaking them down so entrepreneurs, side-hustlers, and business owners everywhere can apply them today. Each episode delivers practical money moves, proven tax hacks, and the mindset shifts needed to cr

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🇺🇲

Publishing Since

9/22/2025

1 verified contact email on file for Tax Free Living w/ Carter Cofield

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Recent Episodes

Episode thumbnail for Save $40,000 As A Homeowner With the S.A.L.T. Deduction!

February 9, 2026

Save $40,000 As A Homeowner With the S.A.L.T. Deduction!

<p><span>This is where the Melanin Money strategies come together.</span></p><p><span>Join us for the 5-Day Wealth Workshop and learn how to apply what you’ve heard on the show.</span></p><p><span>Sign up here ⬇️</span></p><p><span>https://www.joinwealthworkshop.com/register?el=video2020926&amp;utm_source=direct_to_ticket&amp;utm_medium=yt</span></p><p><br></p><p><span>Most homeowners hear about the $40,000 SALT deduction for 2026, but very few understand how it actually works — or why so many people will miss it entirely.</span></p><p><br></p><p><span>In this episode, we break down what changed, who truly qualifies, and the specific tax decisions that determine whether this deduction helps you or quietly disappears. If you own a home and expect to itemize, this is one of those rules you need to understand before you file, not after.</span></p><p><br></p><p><span>This isn’t about loopholes or aggressive tax strategies. It’s about understanding the tax code well enough to avoid leaving money on the table in 2026.</span></p><p><br></p><p><span>Timecodes</span></p><p><span>00:00 Introduction to $40,000 SALT deduction</span></p><p><span>01:27 What SALT deduction includes</span></p><p><span>02:35 Itemizing deductions vs standard deduction</span></p><p><span>03:07 Changes with the Big Beautiful Bill</span></p><p><span>04:22 Income phase-out limits explained</span></p><p><span>05:25 Who benefits from the enhanced SALT deduction</span></p><p><span>06:28 Real-world SALT deduction example</span></p><p><span>07:07 Who does not benefit from SALT deduction</span></p><p><span>08:03 Client case study: $10,000 tax savings</span></p><p><span>09:18 Key takeaways and CPA advice</span></p><p><br></p><p><span>Follow us for more value</span></p><p><span>https://www.instagram.com/cofield_advisor/?hl=en</span></p><p><span>https://www.instagram.com/georgeacheampongjr/?hl=en</span></p>

Episode thumbnail for Trump Accounts : How They Can Change Your Child's Life Forever!

February 2, 2026

Trump Accounts : How They Can Change Your Child's Life Forever!

<p><span>This is where the Melanin Money strategies come together.</span></p><p><span>Join us for the 5-Day Wealth Workshop and learn how to apply what you’ve heard on the show.</span></p><p><span>Sign up here ⬇️</span></p><p><span>https://www.joinwealthworkshop.com/register?el=video2020226&amp;utm_source=direct_to_ticket&amp;utm_medium=yt</span></p><p><br></p><p><span>Most parents want to set their kids up financially, but many don’t realize a brand-new, federally supported investment account even exists. Missing it could quietly cost their children hundreds of thousands — or more — over time.</span></p><p><br></p><p><span>In this episode, we break down what the Trump account is, who qualifies, how to set it up step by step, and how compounding can turn a small early start into generational wealth. If you’re a parent planning for your child’s future, this is information you don’t want to miss.</span></p><p><br></p><p><span>Timecodes</span></p><p><span>00:00 Introduction to the Trump account for kids</span></p><p><span>01:32 What is the Trump account and eligibility</span></p><p><span>02:02 How the account works and government funding</span></p><p><span>03:43 How to set up the Trump account</span></p><p><span>05:12 Filling out IRS form 4547 details</span></p><p><span>07:19 Recommended investment strategy</span></p><p><span>09:29 Dollar cost averaging and automation tips</span></p><p><span>10:00 Compound interest growth projections and benefits</span></p><p><span>13:07 Importance of generational wealth and closing remarks</span></p><p><br></p><p><span>Follow us for more value</span></p><p><span>https://www.instagram.com/cofield_advisor/?hl=en</span></p><p><span>https://www.instagram.com/georgeacheampongjr/?hl=en</span></p>

Episode thumbnail for Your LLC Payment Method Is Triggering A Massive Tax Bill!

January 26, 2026

Your LLC Payment Method Is Triggering A Massive Tax Bill!

<p><span>This is where the Melanin Money strategies come together.</span></p><p><span>Join us for the 5-Day Wealth Workshop and learn how to apply what you’ve heard on the show.</span></p><p><span>Sign up here ⬇️</span></p><p><span>https://www.joinwealthworkshop.com/register?el=video2012626&amp;utm_source=direct_to_ticket&amp;utm_medium=yt</span></p><p><br></p><p><span>Most LLC owners don’t realize that how they pay themselves matters more than how much they make. Paying yourself the wrong way can trigger higher taxes, weaken your liability protection, and create serious problems with the IRS.</span></p><p><br></p><p><span>In this episode, we break down how LLC owners should actually pay themselves, why common methods lead to costly mistakes, and what changes in 2026 make this even more important. You’ll learn the difference between distributions and payroll, how profits are taxed, and when an LLC might need a different structure to reduce unnecessary taxes.</span></p><p><br></p><p><span>If you own an LLC and want to keep more of what you earn in 2026, this is a conversation you can’t afford to miss.</span></p><p><br></p><p><span>Timecodes</span></p><p><span>00:00 Importance of paying yourself from LLC</span></p><p><span>00:42 Introduction and host background</span></p><p><span>01:26 Steps to properly structure your LLC</span></p><p><span>02:48 How to pay yourself: owner&#39;s draw explained</span></p><p><span>05:00 Taxation on LLC profits and distributions</span></p><p><span>06:30 Best practices for paying yourself and tax savings</span></p><p><span>07:31 LLCs and tax savings misconceptions</span></p><p><span>09:40 Using S-Corp election to reduce taxes</span></p><p><br></p><p><span>Follow us for more value</span></p><p><span>https://www.instagram.com/cofield_advisor/?hl=en</span></p><p><span>https://www.instagram.com/georgeacheampongjr/?hl=en</span></p>

13 total episodes available

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What is Tax Free Living w/ Carter Cofield?

What if you could live tax free? On Tax Free Living with Carter Cofield, Certified Public Accountant and co-owner of Melanin Money, Carter Cofield shows you how to legally cut your tax bill to the bone and keep more of what you earn. He’s helped business owners save over $100,000 in taxes—and now it’s your turn.

Carter has spent years mastering the smartest tax-saving strategies, and now he’s breaking them down so entrepreneurs, side-hustlers, and business owners everywhere can apply them today. Each episode delivers practical money moves, proven tax hacks, and the mindset shifts needed to cr

How often does this podcast release new episodes?

This podcast updates daily.

Where can I listen to this podcast?

This podcast is available on 4 platforms including Apple Podcasts, Spotify, and more. You can also use the RSS feed directly.

Does this podcast accept guests?

No, this podcast does not typically feature guests.

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