Description
Use this presentation to uncovers tax-saving opportunities available from three key
activities: calculating one's tax liability, identifying and avoiding tax traps triggered by income, and
strategically applying income-reduction strategies.
Learning Objectives
- Calculate and Manage Tax Liability: Accurately determine tax liability, identify common tax traps,
and avoid underpayment penalties.
- Reduce Taxable Income: Explore income reduction strategies, including retirement savings
opportunities, utilization of investment losses, and strategic charitable contributions.
- Understand and Mitigate Complex Tax Consequences: Gain a clear understanding of the Net
Investment Income Tax (NIIT), additional Medicare tax, and the impact of the Alternative
Minimum Tax (AMT), Social Security taxation, and IRA contribution phaseouts.