Tax Sheltered Programs

Tax shelters are a legal means of decreasing your taxable income. Home equity, retirement accounts, and deductions are all examples of legal tax shelters. In the case of home equity, if you buy and sell your house, the IRS exempts the first $500,000 (if the homeowners are a married couple) of home sale profits from the capital gains taxes. Retirement accounts, such as a 401(k) or a traditional IRA, allow you to deduct your contributions from your taxable income.

Tax sheltered programs offer tried and true methods for limiting your tax liability and allowing you to save money as you work toward achieving your financial goals.

Solutions for Reducing Your Taxable Income

In our financial services division at Burnham & Flower, we focus on building long-term client relationships by helping you achieve your financial goals before and after retirement. Through our knowledge, resources, and expertise, we work with our clients to identify tax sheltered programs that best suit their needs and develop a plan that supports their financial health.

Our highly qualified team can assist you in reaching and maintaining your financial goals.For more information, contact Amber Howes at ahowes@bfgroup.com or 800.748.0554.