Experience the Rossiter Financial Group difference. We combine the resources of a larger firm with the personal attention and care of a smaller practice. Our team sets us apart from the rest. We have a team of valued employees who will ensure you have a positive experience with every visit. Here at Rossiter Financial Group, we go above and beyond the role of Financial Advisor. We are passionate about building personal relationships with each client. Become a part of our family and experience the difference for yourself!
Reducing your taxable income is one of the most effective ways to lower your taxes. Taxable income is the amount of income used to calculate how much tax an individual or a company owes to the government in a given tax year. This is generally described as adjusted gross income, your total income minus any deductions or exemptions allowed in that tax year.
Having less taxable income means having less tax. For example, 401(k)s are a popular way to reduce taxes. The IRS does not tax money diverted directly from your paycheck to a 401(k). Essentially, reducing taxable income is an optimal way to ensure that you are not over-paying for taxes and optimize your money to make the most out of what you have coming in and what you are investing in your retirement.
There are many smart ways that taxpayers can reduce taxable income. Some may be smart for you, and others may not be. It is all dependent on your individual and unique situation. Rossiter Financial Group, an independent financial advisory firm, can work directly with you to minimize taxation and maximize retirement contribution. Reducing your taxable income can be helpful, and we can get you on the right track. We will develop a smart, comprehensive plan to find the best ways that work for you.