Taxes

Tax Freedom Day!

April 22, 2016

Chances are, you’ve recently filed your tax return with the IRS for 2015. And the outcome is rarely one to celebrate. Either you owe the Federal, State or Local government more money, or you are getting a refund. A refund, that served as an interest free loan to that respective taxing authority. To make matters worse, Sunday is April 24th, Tax Freedom Day®. Tax Freedom Day® is the day when the nation as a whole has earned enough money to pay off its total tax bill for the year. So all that money you’ve made so far this year, you finally get to start keeping it going forward.

For many clients, we spend time each year trying to use their portfolios to manage the tax burden. There are several things we consider when looking at a client’s tax return. We’re trying to make sure our clients can celebrate Tax Freedom Day® before April 24th!

 

Don’t Pay More Simply Because You Have More Money.