Inspired by Foodnetwork.com
Summer Chicken Salad
INGREDIENTS
• 3 boneless, skinless chicken breasts • Salt and pepper • 4 ears of corn, shucked • 3 tbsp minced dill • 3 stalks celery, finely diced • 1 red onion, finely diced • 1 1/2 cups blueberries • 1 head of butter lettuce
Dressing • 3/4 cup crumbled feta cheese • 1/2 cup half and half • 1/4 cup mayonnaise • 1/4 cup sour cream • 1 tsp sugar • Juice of 1 lemon
Timing in Tax Planning MAXIMIZING BENEFITS AND MINIMIZING LIABILITIES In financial management, timing is inconvenient; it can significantly impact your tax bill at the end of the year. Whether selling assets or settling debts, strategic decisions made at the right moment can yield substantial benefits or liabilities. Selling at the right time can profoundly influence the annual tax burden, as up to $3,000 in short-term losses can offset an equivalent amount of regular income. Unused short-term losses can be carried forward for future utilization. Proactive planning extends beyond asset management to encompass charitable contributions. The timing of philanthropic endeavors is relevant in tax optimization. For individuals whose charitable giving typically falls short the standard deduction threshold, a strategy known as bunching deductions can be helpful. By consolidating several years' worth of donations into one year, then itemizing those deductions (rather than taking the standard deduction) becomes crucial to minimizing tax liabilities. For investors navigating the challenges of the stock market, planning when to sell investment holdings is very important. Earnings from your stock investments are called capital gains. Capitalizing on favorable tax treatment requires distinguishing between short-term and long-term capital gains. Short-term gains accrue from investments held for less than a year. Capital gains tax rates for stocks held less than one year are the same as income tax rates, which start at 10% and go all the way up to 37%. Attaining long-term status by maintaining investments for at least one year before divestment affords preferential treatment from the IRS. Long-term capital gains are subject to significantly lower tax rates, ranging from 0%–20%. Strategic foresight in achieving long-term status safeguards against large tax burdens and unlocks favorable tax rates. By implementing a planning strategy, individuals can optimize their financial positions, leveraging timing as a tool for tax efficiency. The significance of timing in tax planning cannot go unnoticed; by adopting a proactive approach and capitalizing on timing, individuals can maximize saving opportunities, fostering long-term health and stability. See Page 2 for more information on how to create an effective tax plan. Call Roberts CPA Group today for more information on how to get started.
DIRECTIONS
1. Place chicken in a large plastic bag and pound with a mallet to flatten to 1/4-inch thickness. Drizzle with olive oil and sprinkle with salt and pepper. 2. Heat grill, then grill chicken on both sides for about 4 minutes per side; set aside to cool before slicing. 3. Grill corn until the kernels begin browning, turning regularly for even cooking. Use a knife to shave the kernels off. 4. In a bowl, mix all dressing ingredients until combined. 5. In a large bowl, combine corn, dill, celery, and onions, then stir in chicken and top with dressing and blueberries as desired. 6. Separate the head of butter lettuce into “cups” to fill with salad and enjoy!
SUDOKU
Am I on track financially? Scan our QR code for help!
(502) 426-0000 ∙ 3
Published by Newsletter Pro • www.NewsletterPro.com
Made with FlippingBook Ebook Creator