Tax Planning

Follow our tax planning tips to be prepared for April 15th

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How does proper tax planning save me money?

How can I estimate my own income taxes?


Jim Lange’s 2017-2018 Tax Planning Card
There have been profound changes to the tax rates in the upper income brackets. Please look at the good news for married couples and individuals who fall into the new 24% bracket (first chart on the right, for 2018). I doubt these low rates will last forever — maybe not even another four years. Do low rates followed by higher rates suggest anything to you? A gold star if you thought Roth IRA conversions. A conversion may make great sense while the rates are low. You may be able to create tax-free income for you and your family for generations at the lowest tax rates ever.

2017 Year-End Tax Tax Planning
The Republican tax bill has passed and immediate action is required to cut your taxes. This newsletter will concentrate on the actions individual taxpayers can take between now and year-end to reduce their taxes. This is the most important year-end tax letter that we have ever sent because it has the most opportunities to cut your taxes then previous years.

What happens when you make a mistake on your Roth IRA conversions?