Offsetting Your Tax Liability
While you have to meet your legal obligations, there’s no benefit to paying extra in taxes. Any amount you don’t have to pay to the IRS means more money you can put toward saving and investing for your future. Our financial advisors are here to help you reduce your tax burden by employing various tax saving strategies.
Utilizing a mixture of tax-free investments, tax-deferred accounts, and various deductions and credits, we’ll create a plan for you. Even when it’s not possible to offset your current year’s tax liability, there is sometimes an option for deferred tax liability. For example, you can defer capital gains losses to future years if you reach the maximum allowable offset for the current tax year.
Our financial advisors are experts in offsetting your tax liability. Depending on your financial situation, we’ll identify the strategies that make the most sense for you. If you’re a business owner, you have even more options for reducing your tax liability. Here are some examples:
There are several ways to reduce your tax liability if you know how to take advantage of the tax laws. Our financial experts specialize in offsetting your tax liability using tax advantaged investments.
Offsetting your tax liability means taking advantage of deductions and credits to reduce your taxable income and tax liability. When you offset your tax liability, you pay less to the IRS and keep more for yourself.
The more money you can keep for yourself, the more money you can save and invest for your financial future. There is no benefit to paying more to the IRS than you’re legally required to.
We can help you find which tax strategies will reduce your tax liability. These could include using a deferred tax liability by offsetting taxable gains or using tax-deferred retirement accounts.
Let us help you offset your tax liability by creating a comprehensive plan that fits your financial situation and objectives. Reach out to our team at the Dannah Investment Group to get started.