When you finish your tax preparation, it is time to begin tax planning.
A tax preparer tries to help you pay less tax this year, while long-term tax planning looks to decrease your tax burden over your lifetime. Sometimes this means this year’s tax bill will be higher to compensate for lower tax brackets in future years.
On April 11, 2017, David John Marotta was interviewed on the Schilling Show.
Austin Fey is a Wealth Manager at Marotta Wealth Management, specializing in charitable giving and asset allocations. She is a regular contributor to our Marotta On Money articles, often giving advice to those just getting started in finance.