5 Ways Your New Orleans CFP Can Help You Maximize Your Tax Refund
After the revelry of the Mardi Gras subsides, it’s time to turn your attention toward something less festive: tax season. However you feel going into it, everyone has the same goal: maximize my refund and minimize my tax liability. If you haven’t thought much about your taxes, or have yet to create a tax savings strategy, below are a few considerations to make. Plus, we offer five tips for managing that refund once it comes your way. What to Know About Louisiana State Taxes If you’ve recently moved to Louisiana or simply never put much thought into your state taxes, here’s a quick assessment of Louisana’s taxes. The individual income tax is on a graduated scale, ranging from 1.85% to 4.25%. If you’re a business owner, your company may also be subject to corporate income tax, which ranges from 3.5% to 7.5%.1 The state sales tax rate is 4.45%. The…