Articles

Budgeting and Financial Planning

Tax Planning for 2023

Rodney Brooks
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February 21, 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.

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Authored By Rodney A. Brooks


TRAFOTFBThe 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.

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“Rodney A. Brooks’ ‘Fixing the Racial Wealth Gap’ is one of the best written and most prescriptive books I’ve read on this prickly subject. Using powerful stats, stories and insightful wisdom, it is written from the heart, mind, body and spirit … plus years of research and thought as a mainstream journalist, Fixing the Racial Wealth Gap is revealing, humorous, instructive and sobering.” – Dr. George C. Fraser

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