Nothing is as certain as death and taxes. While no one has control over the former, there are ways to impact the latter. Read on for several areas where careful planning can lower your tax liability, either now or in the future. Retirement Account Contributions Contributions to a tax-deferred retirement account, like a traditional 401(k), […]
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Tag: Planning
4 Essential Strategies to Strengthen Your Finances for the New Year
As the New Year approaches, it’s a time for new beginnings and setting goals. For many, financial well-being is at the top of their resolutions list. Whether you’re looking to save more, reduce debt, or just get your finances in order, Deseret First Credit Union is here to help. Here are four effective ways to […]
Tax Planning
You can legitimately reduce the tax you owe by planning ahead. Retirement Account Contributions By keeping an eye on the tax consequences for your every day financial decisions, you can lower your tax bill. For example, lower taxable income means you pay lower income taxes. You can lower your taxable income by contributing to a […]