WEST REGION: Denver Local Group presents Year End Tax Update
For more information and to RSVP, visit the Denver Local Group Community page.
Speakers:
DeDe Jones, CFP(R), CPA from Innovative Financial, LLC
DeDe Jones is a practicing CERTIFIED FINANCIAL PLANNER and Certified Public Accountant. She is the Managing Director of Innovative Financial, LLC with over 20 years of experience in the financial arena. She served as an auditor for Ernst and Young, a lender for First Interstate Bank (now Wells Fargo) and Controller for numerous companies while working for a Venture Capital firm.
Shannon Lunsford, CFP(R), EA
Lunsford Financial Planning, Inc.
Shannon Lunsford, the founder and president of Lunsford Financial Planning, Inc., is a CERTIFIED FINANCIAL PLANNER and an Enrolled Agent. He is a member of NAPFA, and has been a member of Garrett Planning Network for over a decade. One of the services he offers to client is tax preparation, and his firm is an Authorized IRS e-file Provider.
Program Summary:
Advisors will learn about any upcoming changes in tax law, such as any expiring tax provisions, changes to the wage base for Social Security taxation, Section 415 limits for compensation, etc., which will go into effect starting 1/1/2026.
The discussion will further delve into strategies that may be used to assist clients in reducing tax liabilities, such as:
• Harvesting capital losses if in high tax bracket
• Harvesting capital gains if in low tax bracket
• Maximizing lower brackets if expect to be in a higher bracket later.
• Timing of taxable income (accelerate in 2024 or delay to 2025 based on expected changes)
Additionally, we’ll discuss thoughts about projected future tax environments given the new tax reform measures.
The discussion will allow advisors to determine if any tax strategies might benefit their clients’ individual tax situation, either currently or over the clients’ lifetime based on expectations.