Beautiful results start with a plan

There’s no time like the present to plan. Stop and think about the tax return you just filed. Did you get the results you expected or were you taken by surprise in some way? Do you understand what changed and why? Once the rush of filing is over, you have a clear picture of what went well, what didn’t and where you might have missed opportunities. Right now there is breathing room and time to make thoughtful decisions rather than reactive ones.

Planning ahead now also opens the door for you to talk to your tax pro and research tax strategies. Some strategies only work if you implement them early, like increasing your retirement contributions or adjusting your W-4 so your withholdings are more appropriate. If you’re self-employed making adjustments now to pay estimated taxes will save you money next season and make it so much less stressful!

Longer term planning also sets you up for year-round action. You can take advantage of strategies to make charitable contributions, consider energy-efficient home improvements, or max out your HSA. You have the opportunity to manage the timing of the sale of investments or capital gains.

Treat your tax planning as a year-round activity and you will keep more of your own money, pay less to Uncle Sam and sleep easier knowing you’ve making smart financial choices!