What Is Tax Planning?

It's All Money · Feb 11, 2025 · 27m

We’ve all “done our taxes”. Gather up documents, send them in to your person or software program, maybe you write a check or maybe you receive a check. But have you ever had a conversation with a professional about the long-term tax burden of being in certain investments? How a move you make today could affect your taxes in 5 years? Has anyone ever told you that certain charitable contributions you’re making you thought weren’t deductible could be with a Donor-Advised Fund under certain circumstances? These are insights learned during Tax Planning, also called Tax Observations. Our own Clay…