Taxes are a necessary part of life, but they don’t have to be such a burden. There are various techniques and methods that can be used to reduce the amount of taxes you pay and optimize the deductions and credits available to you, both today and in the future. While CPAs and tax planners are an essential part of tax planning year-to-year, it is also important to consider the long-term taxable effects of your investment and retirement savings decisions. In doing so, you may set yourself up to have enormous tax control in retirement when you likely will need it most.
Note: NPC does not provide tax advice.