Tax Deductions: What You NEED to Know About Itemizing

In this video, we dive into the intimidating world of tax deductions, focusing on itemizing for the tax year 2023. With the passage of the Tax Cuts and Jobs Act, the standard deduction doubled, but for those still itemizing, understanding the nuances is important.

Join us as we break down everything from medical expenses to charitable contributions and state/local tax deductions. Learn how to navigate the complexities of itemizing and get the most out of your tax return today!

This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv

Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor at Retirement Planning Services, Spencer brings a wealth of experience and passion to help clients align their wealth with their core values.

Advisory services offered through Retirement Planning Services, LLC.

The information in this article is intended for general educational and informational purposes only, and should not be construed as investment advisory, financial planning, legal, tax, or other professional advice based on your specific situation. Please consult with your professional advisor(s) before taking any action based on its contents.