Taxes are the single largest recurring expense that most of us will have throughout our lifetime. It is not uncommon for folks to handle their taxes in a reactive manner versus a proactive approach. At Dakotaland Financial Services, we want to ensure you keep as much of your hard earned cash where it belongs... in your pocket.
For example, here are questions we can help you answer that can greatly affect the extent of your tax burden.
• Should I change my withholding
• Are there any deductions I missed?
• Should I increase my retirement plan contribution?
• Am I eligible for a Roth IRA?
• Should I anticipate my tax bracket to change next year?
Careful planning throughout the year can assist you in reducing the taxes you pay, as well as help you achieve your financial goals. By developing and implementing appropriate strategies to lessen or shift current and future tax liabilities, you can improve your prospects of meeting long and short-term objectives. Keep in mind that tax laws are often complex and frequently change. This is where Dakotaland Financial Services can be of assistance as you make your investment and tax decisions.