Tax Services for the Present and the Future
Many people only think about taxes once a year - April 15th - and at Magdalein & Stratton Retirement Tax Strategies, we can take care of your tax preparation needs. Our retirement focused team will make sure you get the deductions and credits you've earned, with a special focus on medical deductions, insurance related savings, home improvement credits, and many other items that relate to retirees.
Our emphasis on retirement allows us to dig deeply into the tax laws, making sure you save every possible penny on your current year tax return.
The real savings, however, comes not from preparing this year's taxes, but in planning for future years. We utilize a comprehensive 25-point check-up to look at all areas of your finances. Completing this check-up will often uncover ways to restructure assets to save on future taxation. This savings is often significant, representing tens of thousands of dollars of taxation on your social security, IRA, and succession plan.
We've found that completing this check-up at the time of your annual tax return allows us to effectively "kill two birds with one stone." We can take care of your current tax needs, and plan for the future, all in one set of meetings. Maybe you acknowledge that you have some tax planning that needs to be done, but have never "found the time" to do it. This represents the perfect opportunity.