Income Tax Planning: Smart Planning for Your Taxes

This 90-minute tax planning workshop will help you understand the basics of the Federal tax form 1040, help you learn ways to reduce your taxable income, and even exclude some income from tax altogether! You will learn about the more common deductions and credits available to taxpayers, how much to have withheld from your paychecks, and how to avoid IRS penalties. Additionally, we will discuss an action plan that utilizes tax advantaged retirement savings accounts as a means of efficiently saving for your retirement. Your action plan will help organize the steps you can legally take throughout the year to minimize your exposure to Federal income tax.