Mid-Year Tax Tune Up

You may still be breathing a sigh of relief about completing your taxes for 2022, and relishing the thought that you don't have to think about filing for many months to come. But with summer fast approaching, it's a great time to start lining up your strategy to help reduce your 2023 tax bill. Starting early can pay off when it's time to file next April.
Here are 6 tax-planning strategies to consider:
1. Examine your W-4 withholdings
2. Look for tax losses to harvest
3. Reconsider itemizing
4. Boost your pre-tax contributions
5. Plan for RMDs
6. Consider a Roth conversion
Everyone's tax situation is different, and it makes sense to consult with a tax expert or advisor to come up with a financial plan that works for you. With a little planning this summer, you can rest easy knowing that come tax time, you'll be prepared. For more information on each of these tax tips, click this link or contact us at [email protected]