Year-end tax planning for 2013: how income is taxedBlog added by Steve Savant on December 10, 2013
Steve Savant

Steve Savant

Scottsdale , AZ

Joined: January 28, 2005

There are many ways to earn an income in our society, and taxation on those earnings is just as varied. Income can be taxable, tax-deferred or tax-free. Tax-free sounds great, but it's limited to a few income sources. Tax-deferred income can delay taxation, but ultimately not escape taxation. Steve and Ken list the income items and their tax exposure in an easy-to-understand format to assist advisors in year-end planning.

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