Planning

Planning is the key to successfully and legally reduce your tax liability. Most taxpayers get a nice tax break from their mortgages, college savings, retirement plans, education and fringe benefits.

We at VTax Guru recommend tax saving strategies to maximize your after-tax income by taking care of each and every minute deduction possible.

If you are

Worried about your tax situation

Eager to find out ways to reduce your taxes

Please come and meet us. We will be more than happy to help you.

Retirement

Retirement is your future. Don’t let it happen without it being planned.” Everyone retires, regardless of their age and the earlier you plan, the better your retirement. Whether you are retiring next year or in the next 10 to 20 years, planning now will greatly improve your financial future.

In detail…

Retirement is your future. Don’t let it happen without it being planned.” Everyone retires, regardless of their age and the earlier you plan, the better your retirement. Whether you are retiring next year or in the next 10 to 20 years, planning now will greatly improve your financial future.

Planning is the key to successfully and legally reduce your tax liability. Most taxpayers get a nice tax break from their retirement plans including the 401k, IRA(s), Roth IRA, SEP-IRA etc.

We at VTax Guru proactively recommend tax saving strategies to maximize your after-tax income by taking care of each and every minute deduction possible.

If you are worried about your tax situation

Eager to find out ways to reduce your taxes

Please come and meet us. We will be more than happy to help you.

In detail…

Starting early is an important step you can take to ease the burden of meeting college costs. However, even if your child is approaching high school graduation, there are still some steps you can take to prepare for financing this important asset.

College costs have historically exceeded the general rate of inflation.

Here are several key factors which we consider :

  • How much do you want to save?
  • What are the tax benefits of the account you have chosen?
  • Do you want to save in your name or your child’s?

Please call us to discuss more details about

  • Education Expenses / Credits

College & Education

Starting early is an important step you can take to ease the burden of meeting college costs. However, even if your child is approaching high school graduation, there are still some steps you can take to prepare for financing this important asset.

Home Owners

Planning is the key to successfully and legally reduce your tax liability. Most taxpayers get a nice tax break from their mortgages.

In detail…

Planning is the key to successfully and legally reduce your tax liability. Most taxpayers get a nice tax break from their mortgages.

If you’re a homeowner, it’s always a good idea to make sure you haven’t missed any tax deductions.

Homeowners can claim a slew of write-offs to lower their tax bills — as long as they itemize. There are deductions for mortgage interest, mortgage points and real-estate tax payments. And if you sell your home, most likely you won’t have to pay taxes on the profit. If you bought a home last year, you might even get to write off expenses you didn’t pay. So make sure you get all the tax breaks you have coming.

We at VTax Guru proactively recommend tax saving strategies to maximize your after-tax income by taking care of each and every possible deduction.

Following are some of the available tax breaks

  •  Energy credits
  •  First-time homebuyer credit
  • Home-office deduction
  • Home-sale exclusion
  • IRA payouts for first-time homebuyers
  • Mortgage interest
  • Mortgage interest credit
  • Points
  • Property taxes

Please call us to discuss more details.

In detail…

In addition to salary, employers may provide fringe benefits. Benefits can include many perks that will allow you to choose a job that has the most compensation for your work. Many employee benefits are considered standard; however, a number of employers are offering flexible benefit packages. As you begin your job search, you need to know what you should be looking for in a benefit package. It is important to keep in mind not only benefits you will utilize now, but also those you will use in the future. You may need to plan for a future family or for your retirement.

The most common benefit packages include health insurance, dental insurance, life insurance, disability insurance, paid vacation time, paid holidays, paid sick leave, and retirement plans. A more comprehensive package may include child-care services, flexible work schedule, maternity leave, relocation expenses, and education programs. Benefits are most often offered in packages, but there are also cafeteria style plans where employees choose the types of benefits they want. You need to decide which benefits are the most important to you

Please call us to discuss more details about

  • Education Expenses / Credits

Fringe Benefits

In addition to salary, employers may provide fringe benefits. Benefits can include many perks that will allow you to choose a job that has the most compensation for your work.

Choose VTax Guru for High-quality Tax Preparation Services