Tax Strategy & Planning

if your goal is to make more money, that’s also likely to conflict with paying less in taxes. The only way to truly win the tax game is to align your strategy with your priorities.

What is a Tax Planning Strategy?

Tax planning analyzes your finances, assets, and liabilities to determine where you might optimize your taxes in the short and long term. There are plenty of variables that come into play! 

From timing your income and purchases to planning your expenditures and investments. Even the type of retirement plan you choose must match your holistic financial plan.Tax planning covers several considerations. There are certain tax strategies you should take advantage of, and also some you should avoid. The selection of investments and types of retirement plans must complement the tax filing status and deductions to create the best possible outcome.

Download our Tax Planning Infographic

Discover a more in-depth look at how to for your optimal tax strategy.

7 Tax Strategies to Consider

Take Advantage of Your Tax Refund

Getting a refund from your tax filing in April is NOT a tax strategy, so if your entire tax goal is dependent on getting a large refund, you’re not making the most of your tax strategy and should probably re-evaluate.  Consistently getting a refund in April might be a symptom of incorrect tax withholding. This should be addressed so you can get more money throughout the year rather than waiting for the IRS to send that direct deposit.

Although it’s not a recommended tax strategy, there are certain ways you can take advantage of a tax refund.

How To: Implement Your Tax Strategy

The best way to understand your tax strategy options and eligibility is to speak to an expert. A financial advisor is the best person to tell you how you can maximize the benefits of your tax strategy and align it to your financial priorities.

Having a strategy is by no means a way to avoid paying taxes. On the contrary, it is a way to understand exactly how much money you owe and figure out what you can do in order to maximize the reduction in your tax bracket.

Laying out your financial priorities is a key aspect of developing a tax strategy because once you have those in check, you can ensure you are benefiting from the priorities in your tax strategy.

Worried about taxes?

Worried about taxes?

Select the types of taxes you are most concerned about.

Taxes on Incomes

Taxes on Investment

Taxes on Real Estate

Taxes on Incomes

Taxes on Investment

Taxes on Real Estate

A Wealth Planner With Expertise in Tax Planning

The top 5% of advisors in the nation. 

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A Wealth Planner With Expertise in Tax Planning

The top 5% of advisors in the nation. 

Trustworthy

Experienced

Nationwide

| Advisors Nationwide |

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Your Wealth?

Let us connect you with the most qualified wealth planners

Ready to Grow Your Wealth?

Let us connect you with the most qualified wealth planners