Understanding tax strategies and managing your tax bill should be part of any sound financial approach. Some taxes can be deferred, and others can be managed through tax-efficient investing. With careful and consistent preparation, you may be able to manage the impact of taxes on your financial efforts.
Have you explored all your options when it comes to managing your taxable income?
When your child has income, there’s a good chance that he or she will need to report it and pay taxes.
Check out this handy reference of updated ranges from the IRS in case your designated bracket has changed.
Learn how to maximize your tax and estate strategy as a married member of the LGBTQ+ community.