Income Tax Planning Steps to Consider Now

Are you wondering what Smart Tax Planning Moves You Need to Make for your upcoming tax return? Proper tax planning can help you save money and avoid costly penalties.

Expert Insights on Multi-Year Tax Planning

In this informative video, Bob Powell from FinStream is joined by Lisa Featherngill, the National Director of Wealth Planning at Comerica Wealth Management. Together, they dive into essential tax planning strategies, including:

• Maximizing tax deductions

• Utilizing tax loss harvesting— a strategy that involves selling investments at a loss to offset gains and reduce taxable income. For more detailed information on how investing affects your taxes, visit the SEC’s official guide on investing and taxes.

• Minimizing underpayment penalties

• Implementing multi-year tax planning techniques

Why Smart Tax Planning Matters

Taking proactive steps with your tax return helps you:

• Reduce your overall tax burden

• Avoid surprises at tax time

• Ensure compliance with tax regulations

Watch the Free FinStream Tax Planning Video

Gain valuable knowledge from this free FinStream video on Smart Income Tax Planning Steps

Watch now Finstreams Smart Tax Planning Moves You Need to Make: FinStream Tax Planning Video

Explore More Tax Planning Resources

For additional expert advice and strategies, visit FinStream’s Tax Planning Center to find more videos and helpful content to guide your tax planning journey.