These are Taxing Times

February 17, 2021

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It is often said that financial life planning is not all about the numbers. The events that began in 2020 have made many reflect on their “why”, trying to connect the dots between the things most important to them and where they are putting their dollars. Having meaningful conversations to unearth these values can be challenging and stimulating.

Along with this communication there comes a point where more technical topics need to be a part of the conversation. Given the time of year, taxes may need to be addressed to help prepare your personal tax return for 2020 and to plan for this year.

Taxes are all about the numbers! To assist with some of these taxing questions there are two reference guides for 2020 and 2021.

AFP - Important Number 2020 PDF

AFP - Important Number 2021 PDF

These may help to answer some of your immediate questions and also provide guidance for planning out this year.

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This material is distributed by Alexander Financial Planning, Inc. (AFP) and it is for information purposes only. Although information has been obtained from sources we believe to be reliable, we do not guarantee its accuracy. It is provided with the understanding that no fiduciary relationship exists because of this report. Opinions expressed in this report are not necessarily the opinions of AFP and they are subject to change without notice. AFP assumes no liability for the interpretation or use of this information. No portion of this writing should be construed as legal or accounting advice. Content Source: https://ourworldindata.org/time-use-living-conditions All rights reserved.

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