Whether you are an active or passive income earner, here are several ways that you can reduce your income taxes. When it comes to your finances, knowledge is power. Stay informed and be sure to consult with a tax advisor if you have any questions.
Tag Archives: tax planning
How to Defer and Reduce Capital Gains Taxes on Investments
There are several strategies you can use to defer, reduce, and eliminate capital gains tax on real property and other assets. 1031 Exchanges, Delaware Statutory Trusts, Opportunity Zone Funds, and Installment Sales are just a few options to discuss with a trusted financial advisor.
5 Common Tax Planning Mistakes
Over the past few weeks, I’ve been asking my clients to send me their most recent tax return. By looking through their returns for missed opportunities and mistakes, there’s a few patterns I’ve noticed.
Minimizing Taxes with Private Annuities
A private annuity arrangement supplies the annuitant with a stable retirement income, keeps assets within the family, and minimizes the tax burden for heirs.
4 Ways to Protect Your Life Savings from Estate Taxation
The future increase in estate taxes could cause problems for your inheritance and retirement income down the road. To protect yourself from heavy taxation, know what tax laws are changing, be proactive in your retirement planning, and look at perusing difference inheritance strategies such as gifting and life insurance.