Tax Planning Strategies: Fuel efficiency for your finances

A key component of financial planning is gaining tax efficiency. EP Wealth Advisors works with you and your tax preparer so you retain as much of your earned income as possible.


We do this in three steps:

Adjusted gross income (AGI)
AGI is what you are taxed on, and there are ways to lower it—like accounting for qualified retirement plans and/or the interest paid on certain debt such as student loans.

Maximize deductions
Once your AGI is established, you can still reduce your tax burden by taking deductions for mortgage interest, charitable gifts, state taxes and more.

Tax credits
You may also qualify for tax credits you weren’t aware of which may reduce your tax burden. Some of the more common tax credits are the earned income credit, tax credits for college expenses, and the adoption of a child.

Tax and legal information is general in nature. It is provided for informational purposes only, and should not be construed as legal or tax advice. EP Wealth Advisors is not engaged in the practice of law or accounting.

Contact Us For More Information