A Little Planning Now – A Lot of Savings Later

“I have lots of time to prepare before tax season is here” – is that what you’re thinking? True, you don’t need to worry about your tax prep just yet. However, now is the perfect time to begin planning so you can take advantage of all the opportunities to minimize the taxes you will owe. That starts with making sure you’ve taken ALL the deductions that can help reduce your taxable income.

For example:

• Have you maxed out your retirement plan contributions?
• Have you set aside money for 529 college savings plans or health savings accounts?
• Have you considered which charitable donations you want to make before year’s end?

These are only a few of the several ways you can lower the income you report this upcoming tax season.