Why Tax Planning Matters
While often overlooked, robust tax planning is one of the most valuable pieces of a complete financial plan, and we are excited to offer it to you.
WHAT IS TAX PLANNING?
Tax planning refers to our review of your tax return to identify potential planning opportunities – both now and in the future. This is different than tax preparation (usually done by your CPA or an online service like TurboTax), which is focused on keeping you compliant with what the government thinks you owe each year.
WHY IS TAX PLANNING IMPORTANT?
Taxes touch every part of your financial life. Your tax return is a financial fingerprint: it’s completely unique to you, complete with valuable clues and information, all of which is buried in dozens of pages and hundreds of numbers. Understanding your return equips us to have more valuable and actionable conversations with you. Additionally, we can demystify the world of income taxes and help you understand this important piece of your financial picture.
WHO IS TAX PLANNING FOR?
Everyone! Regardless of your income sources or filing status, nearly anyone who pays income taxes can benefit from having a professional review of your tax return to identify relevant planning opportunities. We may be able to identify a handful of tax-saving opportunities, both in the current year and in future years.
WHAT KIND OF OPPORTUNITIES MIGHT BE IDENTIFIED?
We will evaluate a number of opportunities during tax planning, including topics like most tax-efficient retirement vehicles, charitable giving strategies, realizing capital gains, Roth IRA conversions, tax credit eligibility, and more. We can run projections to see how potential changes (e.g., filing status, dependents, the sale of a business, stock option exercises, etc.) may impact your upcoming tax liability.
WHAT DO WE NEED FROM YOU?
Does this sound like the kind of value add you want from an advisor? Contact EKFF to discuss tax planning and all the other ways we can help you plan your financial future.
Source: Holistiplan https://www.holistiplan.com/
Categories
Recent Insights
-
Private Family Foundations: A Legacy of Giving and a Classroom for the Next Generation
For families who want to make a lasting impact, a Private Family Foundation (PFF) can be both a philanthropic vehicle and a platform for teaching values across generations. At its core, a private foundation is a tax-exempt nonprofit organization that you create and control—one that supports the causes you care deeply about, both during your…
-
The Looming ACA Premium Tax Credit Cliff: How Families Can Manage Rising Healthcare Costs
Picture this: You finally have a handle on your healthcare costs. The numbers make sense. The plan fits. But a sudden change in policy could flip everything upside down. It can feel like the ground shifting beneath your feet. For many families, the potential expiration of enhanced ACA Premium Tax Credits at the end of…
-
Charitable Planning During a Liquidity Event: What to Consider Before You Sell
Liquidity events—selling a business, real estate, or a concentrated stock position—are rare moments that often define a business owner’s financial and philanthropic legacy. Before you sign the papers, thoughtful charitable planning can transform a tax liability into a purposeful legacy. The central rule is simple: start before the deal closes. Why timing matters When a…
-
When Love Ends, Who Keeps the Picasso? Dividing Art and Collectibles in Divorce
-
Roxanne Alexander
-
Taylor M. Gang
-
Tara Finley, ISA, AM
Divorce is never only about dividing assets. For many couples, the most difficult conversations don’t revolve around bank accounts or real estate—they center on the art, antiques, wine, or collectibles that hold both financial and emotional weight. Over the years, I’ve seen how these items often represent more than monetary value. They are memories, passions,…
-
-
Talk Your Chart | Market Reversals, AI Interdependence, and What Investors Should Know | Ep. 74
In episode 74 of Talk Your Chart, Brett Horowitz is joined by Lane Jones, Chief Investment Officer at Evensky & Katz / Foldes, to examine some of the most surprising market behaviors of 2025. They break down this year’s historic intraday reversals, why strong economic data can still trigger weak market reactions, and how rate-cut…
