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Tax Planning

Strategic tax planning is crucial when seeking maximum earnings and minimal tax payments. It involves utilizing available tax deductions, making wise choices regarding income and expenses, and staying prepared for changes in tax laws. Good tax planning is essential for pursuing your financial goals efficiently.

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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.

Filling Out Tax Form

The Facts About Income Tax

Millions faithfully file their 1040 forms each April. But some things about federal income taxes may surprise you.

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You May Need To Make Estimated Tax Payments If…

Have income that isn’t subject to tax withholding? Or insufficient withholdings? You may have to pay estimated taxes.

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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.

Image by Recha Oktaviani

Calculators

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Use this calculator to estimate your capital gains tax.

Use this calculator to estimate your income tax liability along with average and marginal tax rates.

Estimate how much of your Social Security benefit may be considered taxable.

1. Specific individualized tax advice not provided. We suggest that you discuss your specific tax issues with a qualified tax advisor.

2. Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment, tax, or legal advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

LPL Financial Form CRS

Check the background of investment professionals associated with this site on FINRA's BrokerCheck.

The LPL Financial registered representatives associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. Please note that not all of the investments and services mentioned are available in every state.

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products offered through LPL or its licensed affiliates. Dow Credit Union and the Retirement and Investment Center located at Dow Credit Union are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using the Retirement and Investment Center Located at Dow Credit Union, and are employees of LPL.  These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of Dow Credit Union or the Retirement and Investment Center Located at Dow Credit Union. Securities and insurance offered through LPL or its affiliates are:

Dow Credit Union (“Financial Institution”) provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for advisory services. Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html for more detailed information.

© 2026 Retirement and Investment Center located at Dow Credit Union

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