What YOU NEED to Know about Tax Planning, Extensions & Debt| Incite Tax
Автор: Incite Tax & Accounting
Загружено: 2024-05-24
Просмотров: 213
Описание:
Tax planning covers multiple areas of a taxpayer’s financial life. Several things to consider are:
1. Tax planning starts with understanding your tax bracket
2. Know the difference between tax deductions and tax credits
3. Taking the standard deduction vs. itemizing
4. Know the current and popular tax deductions and credits
5. Know what tax records to keep and how long in case you are audited
6. Timing of income
7. Timing of Expenses
8. Saving to pay taxes, and adjusting your W-4
9. Investing (Gain/Loss Harvesting, qualified dividends, muni bonds and more)
10. Keep your money and get a tax break by doing retirement saving strategies (IRA’s, HSA’s, 401K’s, 529)
And remember...the #IRSSUCKS
John Briggs | Tax Genius
[email protected]
801-999-8295
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