Tax planning is the analysis of a financial situation or plan from a tax perspective. The purpose of tax planning is to ensure tax efficiency. Through tax planning, all elements of the financial plan work together in the most tax-efficient manner possible. Tax planning is an essential part of an individual investor's financial plan. Reduction of tax liability and maximizing the ability to contribute to retirement plans are crucial for success. To plan effectively one should know various tax related subjects. In this section, you will see commonly asked questions or topics.
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- Where’s my state refund? How to track the status?
- Traditional IRA vs. Roth IRA
- What are available tax treatments for education related expenses?
- What is a Health Saving Account and its benefits?
- Do you know the reporting requirement of Health Saving Account?
- Do you know how the gifts are taxed?
- Do you know, still you can contribute to Roth IRA even tough your income is more than the threshold limit?
- Types of Individual Retirement Accounts
- What to do with old employer 401k?
- TAX YEAR 2021 : IRS Calendar Year 2021
- TAX YEAR 2021 : What are the tax brackets for 2021?
- TAX YEAR 2021 : What's the 2021 tax rate on long-term capital gains and qualified dividends?
- TAX YEAR 2021 : What other tax-favored accounts are available in 2021?
- TAX YEAR 2021 : What are estate taxes in 2021?
- TAX YEAR 2021 : What is the standard deduction for 2021?
- TAX YEAR 2021 : What's changing with popular tax credits in 2021?
- TAX YEAR 2021 : What's changing in retirement tax planning for 2021?
- TAX YEAR 2020 : Individual Tax Return Filing Date
- TAX YEAR 2020 : Standard Deduction Vs Itemized Deduction
- TAX YEAR 2020 : What is Wash Sale?
- TAX YEAR 2020 : Income Tax Brackets and Rates
- TAX YEAR 2020 : Tax Year 2020 Check List
- TAX YEAR 2020 : As an Individual Taxpayer what you need to Know for year 2020.
- TAX YEAR 2020 : Last minutes tax saving tips for year 2020
- TAX YEAR 2020 : Are you still waiting to get Stimulus payment? Did you get a short stimulus payment?
- TAX YEAR 2020 : IRS extended filing and payment deadline to May 17 2021
- TAX YEAR 2020 : State Tax Deadline Updates (Last Update: 3/19/21)
- TAX YEAR 2020 : State Tax Deadline Updates (Last Update: 3/20/21)