Tax Planning for Individuals

Don’t overpay your taxes, let us help you plan.

Effective tax planning can be challenging, given the complexity of the US tax code. However, done properly, tax planning can provide significant benefits for your overall financial picture. The type of income you receive will determine the rate of tax you pay.

For tax planning purposes, gross income can be divided into two broad categories: earned income and investment income. Each category has its own set of considerations that taxpayers should keep in mind.  To implement a tax planning strategy effectively, it is important to understand when your income is earned and when your expenses are deductible.

Tax Planning
Considerations

There are many considerations, including:

  • Deferring taxable income via retirement plans
  • Using business losses to offset your tax liability
  • Harvesting unrealized capital losses
  • Timing of itemized deductions
Contact us

For more information about our services or to schedule a consultation, call us today.

Looking for a professional help or consultation?