2017 Year End Tax Strategies
Most high income earners lose the ability to take many tax deductions because the tax laws are tilted so unfairly toward them, contrary to popular opinion. The statement we’ve all been hearing from politicians and most media sources for years that the “wealthy don’t pay their fair share of taxes” can easily be disputed by simply looking at any IRS income tax table and doing the math.
It always amazes me how many high income earners I give advice to who are not using every available legal tax deduction to help offset the enormous tax burden our government puts on them. This is because many tax preparers seem to be reactive versus proactive when it comes to tax saving strategies. For this reason, all year long I give away a tax saving report that I update annually with 27 tax saving tips. Many times I’ve seen the tax tips in this report save someone thousands of dollars in income taxes when they started using them. Many of these strategies need to be implemented before the end of the year for benefit in 2017.
Don’t worry, none of these tips are illegal or overly aggressive and should not cause any legal concerns.To get your free report call the office at 830-609-6986 or email [email protected], and we can either email or mail you a copy.
The views expressed represent the opinion of Christian Financial Advisors®. The views are subject to change and are not intended as a forecast or guarantee of future results. This material is for informational purposes only. It does not constitute investment advice and is not intended as an endorsement of any specific investment. Stated information is derived from proprietary and nonproprietary sources that have not been independently verified for accuracy or completeness. While Christian Financial Advisors® believes the information to be accurate and reliable, we do not claim or have responsibility for its completeness, accuracy, or reliability. Accordingly, such statements are inherently speculative as they are based on assumptions that may involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such statements. Past performance is not indicative of future results. For any discussion of equity securities: Investing in equity securities involves risks, including the potential loss of principal. While equities may offer the potential for greater long-term growth than most debt securities, they generally have higher volatility. For any discussion of taxes: Christian Financial Advisors® does not provide tax advice and encourages you to seek guidance from a tax professional.