It’s the end of the year, and while year-round planning is the goal, there’s still a move that can make a real difference right now: prepaid expenses.

In this episode of The Hidden Money Podcast, CPAs Mike Pine and Kevin Schneider explain how cash-basis taxpayers (which includes most individuals and small businesses) can use prepaying certain normal, recurring bills to increase deductions in a high-income year... without creating fake expenses.

They break down the 12-month benefit rule, common examples (rent, insurance, phone, internet, software), the risks of prepaying the wrong vendors, and why this strategy can become a year-end “train” you need to plan your way off. You’ll also hear how prepaid expenses can pair with bunching (doubling up itemized deductions like property taxes and charitable giving) to maximize your tax outcome.

If you’ve ever wondered why people negotiate everything—except their taxes, this episode is your reminder: don’t pay sticker price on your tax bill.

Educational content only; not tax advice. Always consult your own tax professional.

Most people think about tax deductions and completely overlook tax credits, even though credits are often worth far more.

In this episode of the Hidden Money Podcast, Mike and Kevin dive into tax credits as “gifts” from the government, and how smart planning can help you actually receive them instead of unknowingly saying “no thanks.”

They break down:

• The difference between tax credits vs deductions

• Refundable vs nonrefundable credits

• Why lowering your AGI is the key to unlocking more credits

• Energy and solar credits, home efficiency upgrades, and expiring timelines

• College and education credits (and how they tie into FAFSA and tuition planning)

• The underused R&D credit, even for non-tech, service-based businesses

• Overlooked business credits for employers: health insurance, retirement, paid leave, work opportunity hires, restaurant tips, and more

Whether you’re a high-income earner, business owner, or simply someone who doesn’t want to leave free money on the table, this episode will change the way you think about credits, AGI, and tax planning.

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Most people miss the easiest tax deductions, especially in December. In this episode, Mike and Kevin share their favorite underrated year-end deductions, including tech, tools, team expenses, and simple business purchases that can still lower your tax bill before December 31.

If you’re a high earner or business owner looking for quick wins before year-end, this is your episode.

What you’ll learn:
• The most overlooked deductions people forget• Why December spending still counts• Everyday technology you should be deducting• CPA-favorite tax moves that save real money• How to stop leaving money on the table

Follow the Hidden Money Podcast for more real-world tax strategy, financial planning, and stories from the field.

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