Are You Overdue for a Tax Planning Strategy? Check for These 5 Signs

1) Possess a tax-deferred account (401K/IRA) exceeding 1 million, which will be taxed upon withdrawal.

2) Benefited from strong corporate stock plan performance and don't have a plan to manage the tax liabilities.

3) Have incurred an underpayment penalty from the IRS.

4) Consistently face high taxes due to capital gains and dividend income.

5) Inherited an IRA and distributions are elevating my tax bill.

There are only a few weeks left to implement tax planning strategies for 2024 tax filings. The tax planning process involves estimating your taxes to avoid surprises during tax season and identifying strategies to minimize them.

Contact me at jesse.waters@lpl.com to set-up a meeting to learn more about the process.