Tax Planning

We used to think of Tax Day permanently fixed on April 15^th, but the COVID-19 pandemic and its accompanying stimulus packages have reshaped even this national tax deadline.

A lot of people are under the impression that tax planning is only for high-wealth individuals. However, like financial planning, just about everyone can benefit from some level of tax planning, whether that means becoming better acquainted with the various tax savings options available or making proactive decisions based on your current financial situation. Our team works with your tax advisor to help you determine where you may be able to save.

There has been no shortage of drama to follow for those who enjoy watching events unfold along the Potomac. One story that Californians and Silicon Valley should keep their eye on is potential tax law changes from the Biden administration.

Tax time is here, and we are rapidly approaching the April 15th filing deadline. Tax laws changed significantly in 2020 and taxpayers are now responsible for several new taxes as well as changes to deduction limits and exemption phaseouts.

It’s never too early to start planning for retirement, especially when it comes to tax planning in the “distribution phase” of your life.

Every year, more than 147 million Americans file federal tax returns, according to the Tax Policy Center. Many of those tax filers dread searching through their files to locate their mortgage, retirement, and investment account statements. But gathering your records for tax season can also be an excellent opportunity to evaluate your income and expenditures.