Category: Taxes

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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Increasing Taxable Income as a Tax Savings Strategy!

Who’s managing your tax situation? Not a worry? What tax software is your advisor using? Proactive tax planning throughout the year is the key to …

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

With the 2018 tax season behind us, now is an ideal time to share a copy of your federal and state tax returns with your …

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Payments to the IRS through “Direct Pay”

Do you currently make quarterly estimated payments to the IRS?  Many retirees and high income earners have to pull out the checkbook, fill out a quarterly payment …

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Value of Roth Conversions

Since the Roth IRA was introduced as a savings vehicle in 1997, people have been trying to get as much money into them as possible …

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Value of Roth Conversions

Since the Roth IRA was introduced as a savings vehicle in 1997, people have been trying to get as much money into them as possible …

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Charitable Gifts from your IRA?

As you begin planning your charitable giving for 2018, keep one strategy in mind for those over 70 ½ and taking required minimum distributions. Under …

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The Tax Saving Power of a Health Savings Account

If you made it through tax time and had an uncomfortable bill to pay, here’s one idea to save a few dollars in future years …

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Tax Cuts and Jobs Act of 2017 – Highlights

The House and Senate negotiations have come to a close and an agreement is in place. There is a major reduction in corporate tax rates …

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2017 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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