CERTIFIED FINANCIAL PLANNER™
INTERCOASTAL WEALTH MANAGEMENT
Elizabeth Bennett, Certified Financial Planner™ (CFP®), believes that financial success begins with knowledge and involvement. She emphasizes that her clients must take an active role in understanding qwhere their assets are, how they’re allocated, and what they’re being used for. In this upcoming tax season and a new presidential term, Bennett offers valuable insights into what lies ahead for taxpayers.
“Back in 2017, during the president’s first term, The Jobs and Tax Act was implemented, which is set to expire at the end of 2025,” Bennett explains. “If the bill remains in effect, tax rates will remain lower than they were in 2016. However, if they do not remain in effect, brackets will increase and go back to what they were in 2016. Understanding your tax bracket is crucial—it can help you adjust your withholdings accordingly. If you’re not having enough withheld or making appropriate estimated payments, you may owe the IRS when April 15 rolls around.”
With the tax deadline fast approaching, Bennett also highlights a key opportunity for taxpayers. “Make sure you’re taking full advantage of deductible retirement account contributions. You can still make prior-year contributions to your IRA (usually tax-deductible) or Roth IRA (not tax-deductible) up until April 15. Don’t miss out on this chance to boost your retirement savings.”
She adds, “I can offer the most comprehensive advice when we address both your taxes and investments together. By looking at both areas simultaneously, we can create a strategy that aligns with your goals and maximizes your financial growth.”
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intercoastalwealth.com
Securities offered through J.W. Cole Financial (JWC) member FINRA/SIPC. Advisory Services offered through J.W. Cole Advisors, Inc. (JWCA). Financial planning, insurance, and tax services offered through Bay Financial Planning and Tax Services, LLC DBA Intercoastal Wealth Planning , a Registered Investment Adviser, Bay Financial Planning and Tax Services, LLC and JWC/JWCA are unaffiliated entities.
This post is part of the Best of Women in Business section from the March 2025 issue of Boca magazine. For more like this, click here to subscribe.
