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Tax planning strategies

It’s no secret that tax considerations play a pivotal role in virtually every financial decision you make. At Evolve Wealth Advisors, we offer expert guidance to help you understand and adopt various tax-planning strategies, thereby empowering you to make informed choices that can potentially optimize your overall tax position.


Integrating tax planning into your comprehensive financial and investment strategy is fundamental to enhancing and maintaining your assets. While some taxes can be deferred, others can be mitigated through judicious tax-efficient investment practices. With information and advice from our team at Evolve, you can take steps to mitigate the impact of taxes on your financial future.


From income taxes to estate taxes, gift taxes, and state and sales taxes, various tax liabilities can significantly impact your overall wealth. Although these tax obligations can pose challenges, our team of seasoned professionals is here to help you navigate them. We work diligently to harmonize the different facets of your financial plan, striving to implement tax-efficient strategies that align with your overarching financial and retirement objectives.


At Evolve Wealth Advisors, we’re committed to helping you optimize your financial future while proactively working with your tax and legal advisors to deal with your tax liabilities. Let us partner with you to explore tax-planning solutions that are tailored to achieve your unique financial goals.

Tax Planning Collaboration & its importance 

If you decide to take advantage of our services, we will provide you with the following:

  • a comprehensive evaluation of your financial well-being,

  • an assessment your specific tax situation,

  • guidance on how to manage and avoid debt, do effective budgeting, plan for your retirement, and generally increase your wealth,​

  • information about strategies that may reduce your tax liabilities, in both your personal and your business finances,

  • insights into how capital gains, losses, expenses, and inflation can impact your overall financial plan, and

  • assistance in preparing your income tax returns or referrals to an accounting firm that can offer that help.

Determine Your Adjusted Gross Income. 

Managing your tax liabilities starts with identifying all the sources of your income. You then calculate the gross sum of that income in any given year. You will be able to reduce that gross sum if you are eligible to claim tax deductions and/or tax credits. If you are eligible to make those claims, you re-calculate that gross amount to arrive at your Adjusted Gross Income (AGI).

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Tax Credits.

Similarly, you can claim tax credits for the expenses that you incur in paying your child’s college tuition, adopting a child, making Alternative Minimum Tax (AMT) payments, paying taxes on foreign earnings, and purchasing a qualified electric or alternative-fuel vehicle.

Perform deduction analysis 

You might be able to reduce your tax liabilities by taking such deductions as mortgage interest, charitable contributions, and state income taxes. If these deductions meet the required threshold, you will be able to itemize them on your income tax returns. Alternatively, you might opt to take the IRS’s standard deduction if doing so would be a more advantageous choice from a tax-saving perspective.

after tax portfolio optimizations 

Many of Evolve’s clients also use other strategies that can reduce their tax liabilities. Some of these methods involve paying premiums to fund insurance policies for the benefit of their beneficiaries or transferring assets to newly created entities outside of their estate. Our team can tell you more about these tax-saving strategies. 

Tax return

The information presented above is intended to be of a general nature and does not constitute personalized investment advice. Nor should the above information be construed as legal or tax advice. Evolve Wealth Advisors is not engaged in the practice of law or accounting. You should consult your legal and tax advisors before implementing any recommendations contained in this presentation.

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