While you may be tempted to start tax planning after the new year begins, considering the right tax-saving strategies doesn't have to add to your crowded year-end calendars. Here are 10 straightforward end-of-year strategies for a more successful tax season. ...
Effective tax planning can accomplish much more than just saving income taxes for the current and future years. If done properly, effective tax planning can maximize the amount of funds you will have available for retirement, reduce the cost of financing your children’s education, reduce eventual...
Tax Day may still be months away, but there are plenty of tax-planning strategies you can consider before then to help manage your 2024 tax bill. In fact, certain tasks should not—or in some casescannot—wait until next year, lest you miss out on potentially important tax-saving opportuni...
Advantages of Tax PlanningTax Planning StrategiesTax Planning FAQs Tax planning is the analysis of a client's overall financial situation and conditions in order to craft a financial plan that can be executed in the most tax-efficient manner. Tax planning is an essential component of a well-cr...
However, as I’ll share below, with some proactive planning, you can use your RSUs to offset other income (thereby reducing your total tax bill) or delay capital gains taxes. Let’s dive into the four (4) unique RSU tax strategies to consider in 2022. ...
Tax Planning Strategies for the Self-Employed, 3rd EditionThis book provides you with more than 120 simple examples of tax planning strategies to illustrate what you can do to legitimately reduce your combined federal and state income tax and self-employment tax liability.Anthony J. Cataldo, II...
This is a collaborative effort, and a client’s role in tax planning is crucial. Together, we look at the ways they give, save, and invest, and consider how tax laws might change from one year to the next. Most of the updates for 2024 are a result of the Consolidated Appropriations ...
Tax planning strategies can include saving for retirement in an IRA or engaging in tax gain-loss harvesting. Understanding Tax Planning Tax planning covers several considerations. Considerations include timing of income, size, and timing of purchases, and planning for other expenditures. Also, the sel...
Prepare for the upcoming tax season by reviewing 2024 inflation adjustments, important deadlines and opportunities to minimize your tax bill. Read the article November 21, 2023 Key Tax-Saving Strategies to Review Before Year-End Chief Planning Officer Jeffrey Levine will cover what you need to know...
The IRS has recently issued its 2025 inflation adjusted numbers. Inflation has moderated somewhat this year over last, so many amounts will increase over 2024 but not as much as in the previous year. Take these 2025 numbers into account as you implement 2024 year-end tax planning strategies....