What is better than getting the most money back from the Federal Government in your lifetime? Never giving it to them in the first place. “Tax avoidance” or “Tax reduction” methods are generally thought of as the utilization of legitimate strategies and techniques in order to minimize the amount of money a taxpayer will pay to the government. Avoidance techniques do not violate tax laws, but rather use them to the taxpayer’s advantage.
Roth conversions, qualified account contributions, withdrawal strategies, permissible income-shifting techniques, and maximizing allowable deductions and credits are general examples of some of the techniques. At Fort Wealth Management we work hard to incorporate tax avoidance strategies into all of the plans we create and manage for the individuals and families we serve.
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