Tag: Income Tax Planning
A Financial Advisor’s Role in Tax Planning
While you may be ready to put tax season in the rearview mirror, chances are your financial advisor is still keeping an eye on your tax situation. That’s because holistic financial advisors monitor the impact of taxes on their clients’ portfolios all year long.
Avoiding a Big Tax Surprise [On-Demand Webinar]
This educational webinar can help you develop a game plan for how to incorporate tax planning effectively throughout the course of the year.
Tax Filings after Death
There are several moving parts to consider when handling a loved one’s estate. A final individual return and an estate or trust return (or both) are often required. Common tax returns required after death are conveniently summarized in this blog post.
Approaching Zero Taxes White Paper
Learn more about an approach to investing known as “tax-efficient investing” in our Approaching Zero Taxes paper. This group of concepts and investment tax tools can be used to form a tax-efficient investment approach, with the ultimate goal of increasing after-tax returns.
How to Adjust Your Withholding on Your W-4 Form
While some taxpayers may look forward to their refund, others prefer to make sure their taxes are covered throughout the year by increasing their withholding amount. If you want to adjust the amount you withhold, it’s time to update your W-4 Form.
Tax-Smart Retirement Strategies
If you are retired or on your way to retirement, it’s likely you have opportunities to implement tax savings strategies. Here are five Tax-Smart Retirement strategies to consider.
The Tax Impact of Owning A Vacation Home
Owning a vacation home may provide great tax benefits, but the rules can be tricky (and it’s important to avoid common misinformation). This article explores the tax benefits of owning two common types of vacation properties – a personal residence and a mixed-used rental.
Comprehensive and Integrated Planning for Your Financial Future
Financial advisor Don Duncan discusses Savant’s integrated approach and how the 10 key planning areas work together to help clients work toward achieving their financial goals.
Happy New (RMD) Year!
It isn’t often we get good news from the IRS, but if you’re one of the many older Americans who must take a required minimum distribution (RMD) from your qualified retirement plan this year, your year just got off to a great start.
Filing Your Taxes in 2022: Updates from the IRS
There’s no time like the present to prepare for tax season! We have some reminders from the Internal Revenue Service to help make tax filing easier, along with some special items to consider.
Tax Deductions, Credits, and Strategies
Sometimes saving on your taxes is just a matter of knowing that a specific deduction or credit exists. This article explores the various deductions and tax credits you may be eligible to take.
Charitable Gifting [On-Demand Webinar]
In this recorded webinar, our financial advisors discuss several strategic ways to make a difference all year ‘round through charitable gifting. Learn how to create a gifting strategy that not only supports your favorite causes but also helps create tax efficiencies to save you money.