Taxes aren’t something you should only think about during tax season. Instead, taxes should be considered part of your long-term financial plan. Tax planning is the proactive and strategic approach to reducing your tax burden to the greatest legal extent possible. Proper planning involves a holistic look at a client’s overall financial picture in order to maximize potential tax benefits and reduce tax liabilities.
Tax code changes are implemented every year and those changes directly affect your income tax bracket, deductions, credits and your overall tax situation. KB Financial Planning helps minimize your tax burden through short-term and long-term tax planning strategies. Our goal is to help you optimize your current income while preserving your accumulated wealth.
Examples of planning strategies include: