Category: Taxes

Why You Should Provide Your Tax Return to Your Financial Advisor Each Year

With the 2021 tax season nearly behind us, now is an ideal time to share a copy of your federal and state tax returns with …

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Who Says the IRS Lacks Empathy?

In addition to the unexpected health and economic surprises that 2020 brought, there were also many unique opportunities to make some unconventional changes to your …

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Using Net Unrealized Appreciation for Procter & Gamble PST rollovers.

Trustee’s Cost: A One Time Shot to Use It or Lose It Know your options at retirement! If you plan to retire in the future …

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Reducing Your Real Estate Taxes

If you’re like me, you don’t enjoy paying more tax than necessary.  One area to occasionally review is your property taxes, and there’s still time …

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2020 Year End Tax Planning Strategies

Proactive tax planning throughout the year is the key to reducing taxes and maximizing your after-tax dollars for wealth accumulation. This is accomplished by applying …

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High Income Professionals Can Still Enjoy a Tax Free Roth IRA to Help With Tax Efficiency in Retirement

During the past 25 years of providing financial guidance, I continue to be surprised by how many intelligent young professionals we see leaving money and …

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Coronavirus Stimulus Package – Relief for Taxpayers

The Senate’s $2 trillion coronavirus-relief bill has several breaks for American workers and retirees. Below are a few of the highlights from the 2020 bill …

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2020 Major Tax Law Changes

Laws change and so must your strategies. Effective January 1, 2020, there are now 29 new provisions under the SECURE Act of 2019. Signed into …

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2019 Year End Tax Planning Strategies

Proactive tax planning throughout the year is the key to reducing taxes and maximizing your after-tax dollars for wealth accumulation. This is accomplished by applying …

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Ohio Homestead Exemption

We work with clients on a holistic basis at Total Wealth Planning. Oftentimes, this means looking for value or savings in all areas of a …

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