507-836-8844 Home Newsletters & Involvement About Us Account Access & Employer Plans Knowledge Bank Tools Events Blog & Updates Contact TAX Understanding tax strategies and managing your tax bill should be part of any sound financial approach. Some taxes can be deferred, and others can be managed through tax-efficient investing. With careful and consistent preparation, you may be able to manage the impact of taxes on your financial efforts. Featured Video The Facts About Income Tax Millions faithfully file their 1040 forms each April. But some things about federal income taxes may surprise you. Have A Question About This Topic? Name Email Question Making Your Tax Bracket Work Have you explored all your options when it comes to managing your taxable income? What Do Your Taxes Pay For? Here's a breakdown of how the federal government spends your tax money. Home Mortgage Deduction Use this calculator to assess the potential benefits of a home mortgage deduction. ARTICLES CALCULATORS VIDEOS Tax & Estate Strategies for Married LGBTQ+ Couples Learn how to maximize your tax and estate strategy as a married member of the LGBTQ+ community. How to Make the Tax Code Work for You When you take the time to learn more about how it works, you may be able to put the tax code to work for you. What Is a 1035 Exchange? 1035 exchanges provide a way to trade-in an annuity contract or life insurance policy without triggering a tax liability. Tax Deductions You Won't Believe Here are some examples of deductions from the IRS that were permitted and some that were, uh, too creative. What Do Your Taxes Pay For? Here's a breakdown of how the federal government spends your tax money. What If You Get Audited? The chances of an IRS audit aren't that high. And being audited does not necessarily imply that the IRS suspects wrongdoing. VIEW ALL ARTICLES Contact Investors Choice Financial Services Inc. Office: 507-836-8844 Toll-Free: 800-472-6495 Mobile: (507) 260-0500 Fax: 507-836-8898 2648 Broadway Avenue Slayton, MN 56172 service@investors-choice.com Quick Links Retirement Investment Estate Insurance Tax Money Lifestyle All Articles All Videos All Calculators All Presentations Check the background of your financial professional on FINRA's BrokerCheck. The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named representative, broker - dealer, state - or SEC - registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. We take protecting your data and privacy very seriously. As of January 1, 2020 the California Consumer Privacy Act (CCPA) suggests the following link as an extra measure to safeguard your data: Do not sell my personal information. Copyright 2021 FMG Suite. Securities offered through American Portfolios Financial Services, Inc. Member FINRA/SIPC. Investment advisory services offered through American Portfolios Advisors, Inc., an SEC Registered Investment Advisor Investors Choice Financial Services Inc. is not affiliated with APFS and APA A broker/dealer, investment advisor, BD agent or IA rep may only transact business in a particular state after licensure or satisfying qualifications requirements of that state, or only if they are excluded or exempted from the state`s broker/dealer, investment adviser, or BD agent or IA rep requirements, as the case may be; and follow-up, individualized responses to consumers in a particular state by broker/dealer, investment adviser, BD agent or IA rep that involve either the effecting or attempting to effect transactions in securities or the rendering of personalized investment advice for compensation, as the case may be, shall not be made without first complying with the state`s broker/dealer, investment adviser, BD agent or IA rep requirements, or pursuant to an applicable state exemption or exclusion. We are licensed in the following states: Alaska (AK), Arizona (AZ), California (CA), Colorado (CO), Florida (FL), Iowa (IA), Minnesota (MN), North Carolina (NC), North Dakota (ND), Nebraska (NE), Nevada (NV), New Mexico (NM), New York (NY), Ohio (OH), South Dakota (SD), Texas (TX), Wisconsin (WI).