If you’re concerned about a potential April tax liability, it might make more sense than ever to do some tax planning before the year ends.
Also, we strongly encourage you to reach out to us if you’ve experienced any of the following major life events this year:
- marriage/divorce
- birth of a child
- launching college-aged children
- significant changes in income
- sale of property/investments
As we approach the end of 2024, it’s imperative to review and refine your tax planning strategies. Our annual End-of-Year Tax Planning Guide is designed to help you navigate these critical decisions.
Once again, year-end tax planning could be financially prudent because IRS interest rates remain high, meaning penalties could be significant. For example, what previously cost on average $30-$120 in penalties on a $4,000 underpayment will now result in penalties of $80-$320!
We value the opportunity to help make your life #LessTaxing. Never hesitate to give us a call or email us with any questions or concerns. Our team is ready to assist you in navigating these changes for a more secure financial future.