Taxes are a key part of managing your finances, but it can be challenging to navigate the terminology and changes to tax policy. While we don’t provide tax advice, we’ve put together the following resources to help you maximize your benefits and minimize any surprises during tax season and throughout the year.

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Your tax refund or tax bill

 

Getting money back?

 

Do you owe taxes?

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Take advantage of IRA tax benefits.

 

A financial professional can help you align your tax strategy with your financial plan.

Quick reference tax planning guide

Stay on top of the current tax rates and other information you’ll need for tax planning and preparation.

Latest tax and legislative updates

Tax law changes can impact your financial plan. Get details on legislation that may affect your tax bracket, deductions, retirement savings and more.

 

The Secure 2.0 Act, signed into law at the end of 2022, intends to make retirement saving more attainable and accessible.

Tax deductions and credits

Should you take the standard deduction or itemize? Do you know what taxes apply to you? Is it possible to lower your taxes? These articles will help you be fluent in essential tax topics.

Depending on your situation, you could save more by skipping itemizing and taking the standard deduction.

Taxes and investing

Being intentional about your investments with regard to tax impacts will ensure you’re prepared when tax time comes around. It may even reduce your overall tax burden.

 

Using a variety of investment accounts and financial strategies may help reduce the taxes you pay over your lifetime.

Taxes and charitable giving

Charitable giving and other tax-deductible donations support the causes you care about while reducing your tax burden. With the right strategies your money can do more.

 

You have tremendous flexibility in choosing how to give. A charitable giving strategy can help you achieve the impact you envision and take advantage of tax benefits along the way. 

Taxes and retirement

Different retirement accounts have different tax advantages, so keep taxes – and how you want to use the money – in mind when choosing between them.

 

You’ve worked hard to save money for retirement, but do you have a plan in place for spending it?

Taxes and your estate

Taxes can significantly affect the assets you plan on passing on to the people or causes you care about. Review strategies that may help you reduce or eliminate estate taxes for your heirs.

 

If your assets are worth over a certain amount when you die, they could be subject to estate tax. Fortunately, there are ways to reduce your tax liability and protect your hard-earned wealth for future generations.

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The information provided represents the opinion of U.S. Bank and is not intended to be a forecast of future events or guarantee of future results. It is not intended to provide specific investment advice and should not be construed as an offering of securities or recommendation to invest. Not for use as a primary basis of investment decisions. Not to be construed to meet the needs of any particular investor. Not a representation or solicitation or an offer to sell/buy any security. Investors should consult with their investment professional for advice concerning their particular situation.

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