HOME ABOUT US INSTITUTIONAL SERVICES WEALTH MANAGEMENT SERVICES BUSINESS CONSULTING SERVICES INSIGHTS TOOLS CLIENT CENTER 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? Do You Owe The AMT? If you want to avoid potential surprises at tax time, it may make sense to know where you stand when it comes to the AMT. Does Your Child Need to File an Income Tax Return? When your child has income, there’s a good chance that he or she will need to report it and pay taxes. ARTICLES CALCULATORS VIDEOS 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. 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. Five Most Overlooked Tax Deductions Five overlooked tax deductions to help manage your tax bill. Do You Owe The AMT? If you want to avoid potential surprises at tax time, it may make sense to know where you stand when it comes to the AMT. 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 Rules When Selling Your Home The tax rules governing profits you realize from the sale of your home have changed in recent years. VIEW ALL ARTICLES Contact 1330 Smith Ave Suite 7 Baltimore City, MD 21209 Financial Management Strategies, LLC Office: 410.779.1276 Fax: 410-779-1302 info@fmsadvisors.com Disclaimer 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. This website is for informational purposes only and not intended to constitute an offer for or any solicitation to sell securities or investment advisory services except, where applicable, in states where we are registered, or where an exemption or exclusion from registration exists. Information throughout this site, whether stock quotes, charts, articles, or any other statement or statements regarding market or other financial information, as well as information posted on "linked" websites is obtained from sources which we, and our suppliers believe reliable, but we do not warrant or guarantee the timeliness or accuracy of the information. Nothing on this website should be interpreted to state or imply that past results are an indication of future performance. Original Content Property of Financial Management Strategies Copyright 2018 Copyright 2021 FMG Suite.