Tuesday, December 16, 2014

What deductions rule the roost in income tax planning - End-of-Year Tax Planning

Tax deductions are the holy grail when it comes to keeping more of your money in your pocket. Creating cash flow using tax deductions is an art of the advanced financial planner, who designs tax planning as a way to generate more money for savings and retirement. Itemized deductions on Schedule A are comprised of several categories that can yield tax deductions: Medical, Charitable, State Taxes, Mortgage Interest, Professionals Fees just to name a few. Keep in mind that some of these items are subject to phase out rules based on income. 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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