A roundup of advice for taxpayers, investors, and philanthropists during tax season.

  • Enhance portfolio diversification by pooling concentrated holdings and cut capital gains when you sell stocks.
  • Reduce state income taxes, which can be considerable in certain states.
  • Make charitable gifts in the most tax-savvy fashion.

Tax time. “It’s the most wonderful time of the year,” said no one ever. But we’re here to help you try and help your clients reduce their tax tab. Here, experts from Wilmington Trust’s Wealth Planning, Investment Management, and Private Banking divisions weigh in to share their best advice on how to keep money in clients’ pockets versus Uncle Sam’s. Read up on their reminders and revelations to help guide those who rely on you to preserve or enhance their wealth.

Important Note: Please contact your tax advisor to learn more about the extended IRS tax payment deadline that applies to certain taxpayers.

 

 

Please see important disclosures at the end of the article.

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