Tax season has come and gone, but that does not mean the planning stops! While much of your focus prior to April 18th may have been on making sure you get your tax return submitted properly, the focus can now shift towards some other items that can improve your financial well-being over the course of the rest of the year.
“Nothing is certain but death and taxes” -Benjamin Franklin.
The more time I spend in the financial services industry, the more I see this quote proving to be very true.
There are not many certainties in life, but the things we do know for certain, we like to plan for and taxes are one of those certainties. You may have already filed your taxes, but planning for taxes is different matter. Since it's tax season, there is no better time to review your financial plan to ensure your financial life is operating as efficiently as possible!
Believe it or not, we are only one month away from the tax filing deadline! With that in mind, we figured it would be beneficial to discuss some last minute 2021 tax planning ideas as well as one that could help you out when it comes time to file 2022 taxes.