Are you taking all the income tax credits you qualify for –  such as education credits and child and dependent care credits?  What is the best way to report a child’s investment income?  If you are subject to the net investment income tax, is there a way to reduce your income and minimize the impact of this tax? We have experienced tax professionals who can help you answer these complicated tax matters and prepare your return.

If you love supporting your favorite charity, there are many different strategies that may fit your particular set of objectives. For instance, you may be able to minimize your taxes over a two-year period by “bunching” your donations into one tax year and opting for the standard deduction in the other. Or perhaps creating and contributing to a donor-advised fund would be a more efficient way to achieve your charitable objectives. Lastly, maybe you should consider donating appreciated stock or mutual funds (rather than cash) to save on your tax bill. All of these are strategies that our advisors investigate for our clients. 

If you are employed, is the right amount of income tax being withheld from your paycheck to avoid a large refund or a large underpayment?  If you work for yourself or have an ownership interest in a business, are you making quarterly estimated tax payments? We can help to reduce the stress and uncertainty of tax season.