Tax Planning for 2023
As we start the New Year and prep for 2022 taxes, financial professionals will often tell you it’s not too early to start thinking about 2023. You certainly don’t want to wait until the end of the year to start tax planning – it’s generally too late to make some critical tax decisions and minimize your taxes.
To help you get there, here are five tips to help you reduce your taxes in 2023.
Rodney Brooks
An award-winning journalist, writer and author and my specialty is retirement planning and other personal finance issues. I have written for many national publications, including USA TODAY, The Washington Post, U.S. News & World Report, AARP and National Geographic. I am available to speak on personal finance, financial literacy and the racial wealth gap.
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The author tells the history of the Freedman’s Savings Bank, how it grew much too quickly, why it failed and the impact on Black America. The Freedman’s Bank offered a safe depository for formerly enslaved people, expanded quickly and gained millions in deposits – mostly ranging from $5 to $50. But inexperience and corruption doomed it to failure, costing may of the small depositors their savings.
