Monday, December 15, 2014

How to frame the game of paying the least amount of taxes - End-of-Year Tax Planning

Individuals as well as businesses are always searching for tax strategies, especially towards the end of the year. The skillful use of deductions, exemptions and tax credits can significantly reduce tax liabilities and therefore increase cash flow. Understanding above the line and below the line accounting can help in the understanding of adjusted gross income (AGI). In addition to understanding AGI, the real targeted area for tax strategies is reducing modified adjusted gross income or MAGI. This episode introduces you to the basics of tax planning that can help consumers pay only their required tax liability and no more. Syndicated financial columnist and talk show host Steve Savant interviews financial authors and speakers Mike Kilbourn, CLU, ChFC and Ron O'Dell, CFP on end of the year tax planning for 2014.

About Steve Savant

Steve Savant

As the National Marketing Spokesperson for Ash Brokerage, Steve Savant looks forward to meeting financial professionals in every way possible - in person or by video through conferences and social media.

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