At Independent Financial Services, we take tax planning seriously and deliver tax strategies to reduce the amount of our clients' income that goes toward taxes and related fees. An effective plan takes federal, state, and local laws into account, as well as the many factors affecting your unique financial situation. As your financial advisor, we may cover several strategies for reducing the tax amount you pay:
While both positively impact the money you save, credits reduce the tax you owe, and deductions reduce the amount of taxed income. There is a wide variety of tax credits and deductions that reduce the amount you owe in taxes:
We'll help you identify the credits and deductions that pertain to your situation.
Why be penalized twice for the money you've set aside to protect your existing and future well- being. The amount of income that qualifies for taxation can be reduced when you make contributions to 401(k) or 403(b) plans, for example.
At Independent Financial Services, we are well-versed in municipal bonds, long-term capital gains, and several other strategies that keep your hard-earned money in your hands. Contact us today at 800-261-7822 for reliable tax strategies and many other financial services.