Helpful End Of Year Tax Planning Tips: 3 Part Series Summary

Here are few things you should consider as you embark on your tax planning. With the 4th Quarter in season, now is the time to get started on yours. Matt Rinkey, the Founder of Illumination Wealth, covers the three most likely scenarios in this helpful 3-part series!

Part 1: Many people (and businesses) have seen their incomes decline significantly in 2020. This temporary decrease can create significant wealth enhancing tax planning opportunities if you know what to look for.

Part 2: For those of you whose incomes have been pretty consistent from prior years, here’s a list of tax planning ideas for your situation. Turn these ideas into specific action by scheduling a tax planning meeting with your trusted advisors.

Part 3: Some people (and businesses) have seen their incomes Increase significantly in 2020. This temporary increase can create significant wealth enhancing tax planning opportunities if you know what to look for.