For Best Tax Savings, Year-Round Tax Planning Is Essential

For optimal, ongoing tax reduction, consider employing these nine strategies throughout the entire year.

A woman looks at paperwork while sitting with her laptop at the kitchen counter.
(Image credit: Getty Images)

It’s commonplace to focus on tax savings in early spring as Tax Day approaches in mid-April, but how often do you think about them otherwise? If your answer is “not much,” consider making a change. After all, the ultimate goal in tax planning is to minimize taxes paid over your lifetime — not just on your current tax bill — and to foster overall growth and preservation of your assets.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%
https://cdn.mos.cms.futurecdn.net/hwgJ7osrMtUWhk5koeVme7-200-80.png

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up
Disclaimer

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

To continue reading this article
please register for free

This is different from signing in to your print subscription


Why am I seeing this? Find out more here

Andy Leung, Private Wealth Adviser
Vice President, Procyon Partners

Andy Leung is a vice president and private wealth adviser at Procyon Partners, an independent RIA in Shelton, CT. With more than 20 years of experience serving institutional clients for UBS Investment Bank, Andy has extensive knowledge of the global markets. Additionally, as a franchisee of a boutique fitness operation, Andy has an acute understanding of the financial issues and challenges associated with franchising and small business ownership.