3 Ways to Pay Less Taxes in 2023

Using brokerage accounts as collateral, investing in a Roth IRA and opening an HSA account are all ways to ease your tax burden and boost savings in the new year.

The letters to spell the word tax are balanced atop stacks of coins at progressively lower heights.
(Image credit: Getty Images)

By reducing your tax burden, you can lower the amount of money you send to the IRS this year… and redirect those dollars to your own savings or spending goals. These three strategies are worth considering if you want to pay less taxes (legally!) in 2023.

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Eric Roberge, Certified Financial Planner (CFP) and Investment Adviser
Founder, Beyond Your Hammock

Eric Roberge, CFP®, is the founder of Beyond Your Hammock, a financial planning firm working in Boston, Massachusetts and virtually across the country. BYH specializes in helping professionals in their 30s and 40s use their money as a tool to enjoy life today while planning responsibly for tomorrow. Eric has been named one of Investopedia's Top 100 most influential financial advisers since 2017 and is a member of Investment News' 40 Under 40 class of 2016 and Think Advisor's Luminaries class of 2021.