Below you'll find a list of all posts that have been categorized as “Tax Planning”
As we near the end of 2025, taxpayers face a unique opportunity—one that may disappear with the sunset of the Tax Cuts and Jobs Act (TCJA). Among the most powerful moves available to those looking to reduce long-term tax burdens is a Roth conversion. For many individuals, converting pre-tax retirement accounts to Roth IRAs in 2025 could be a smart …
The Tax Cuts and Jobs Act (TCJA), passed in 2017, ushered in sweeping changes to the U.S. tax code—reducing tax rates, doubling the standard deduction, limiting certain itemized deductions, and increasing estate tax exemptions. But many of these provisions were temporary, and without congressional intervention, they are set to expire at the end of 2025. If Congress allows the TCJA …
Tax planning is a crucial aspect of financial management, especially as the end of the year approaches. With the right strategies in place, individuals and businesses in Chandler, Arizona can ensure they are making the most of available deductions and credits while minimizing their tax liabilities. Working with a knowledgeable tax professional can help navigate the complexities of tax laws …
When it comes to handling your taxes, it can often feel like a daunting task. With complex tax laws and ever-changing regulations, it’s no wonder that many individuals and businesses struggle to navigate the process on their own. While there are certainly instances where DIY tax preparation can be sufficient, there are also times when seeking professional help is not …
Overview of Personal Tax Filing Changes for 2023 As we approach the new year, it’s important to stay informed about the changes that will affect our personal tax filing for 2023. The tax landscape is constantly evolving, with new regulations and requirements being implemented. In this blog post, we provide an overview of the personal tax filing changes for 2023, …
OK! Let’s talk about IRS letters and decipher the mysterious jargon that comes with them. If you’ve ever received a letter from the IRS, you know how nerve-wracking and confusing it can be. The language is often filled with jargon and confusing terms that make your head spin. But fear not, my friends! This blog post is here to help …
Tax planning is often seen as a task that only needs to be done once a year, right before the tax filing deadline. However, this common misconception can lead to missed opportunities for maximizing savings. Mid-year tax planning can provide a range of hidden benefits that can significantly impact your financial situation. By taking the time to review your tax …
As we look towards our golden years, retirement planning becomes increasingly necessary to ensure a financially secure future. However, one aspect that is often underestimated in this process is tax planning. While taxes may seem like an inevitable burden, proper tax planning can significantly impact the size of your retirement nest egg. In this blog, we will discuss the importance …
One rule that can help you budget your income. Try the 50/20/30 technique for managing your household money. Applied over time, it may improve your financial picture. Here’s how you can do it: Assign 50% of your income to essential expenses. Think food, rent, transportation costs, and utilities. Try to avoid using up more than half your monthly income for …
What should you do with the money? A look at some choices. Each year, about 70% of taxpayers receive federal tax refunds. The average IRS refund is substantial—$2,800. What could you do with a refund sent to you? You could invest that money. It could go into your workplace retirement plan, an Individual Retirement Account, or a college savings plan—preferably, …
Some key financial steps that you could take. Your twenties are the perfect time to save and invest. Do it now, and you will have a great ally—time—on your side. Think about doing the following things if you’re not doing them already. Put money into a retirement plan. Save and invest through a 401(k), a 403(b), a Roth or traditional …
