Providence College Workshop for Faculty and Staff: Income Tax Planning

Tax Planning: Reduce your tax bite to Enjoy more of what you Earn

       This session will review the various types of tax levies individuals must incorporate into their personal financial planning. Income tax planning opportunities will emerge as we consider the USA’s federal income tax system’s structure and various features. We’ll help participates figure out their tax brackets and effective tax rates, the cornerstones of tax planning. Likewise, we’ll consider how state income tax levies come into play. Likewise, we’ll review estate taxes and gift tax planning at both federal and state levels and how to plan to avoid them. We’ll also consider tax deferral, tax deductions, tax credits, and tax avoidance and how they fit into a comprehensive tax plan.