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Tax Report

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Tax Report


I think there is a big opportunity to create an overview tax report for a client. It would show the base information about a given return - Total income, AGI, Deductions, Taxable Income, Total Tax, 2024 Safe Harbor Tax Withholding, etc.  And then a section that shows Marginal Tax Bracket (and where a given return falls). Also, a Modified Adjusted Gross Income Planning Opportunity checklist that shows Over/Under/Phaseout for a given strategy. Such as, Net Investment Income Tax, Roth IRA Contribution, Lifetime Learning Credit, Clean Vehicle Credit, etc. A lot of this tax stuff feels like a black box to our clients and they don't understand why they can't take this deduction or that deduction. Having this all visually in a report would help them understand.

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0 Votes
Vote now if this is a good idea