Income Taxes and Tax Planning

Maryland Taxes - Standard Versus Itemized Deductions
Amanda Clouser, CFA, CFP®
February 1, 2019

Electing the standard federal deduction impacts your deduction method at the state tax level as Maryland forces taxpayers to follow their federal return.

How To Reduce Taxable Income
TED TOAL, CFP®
September 24, 2020

A 2020 report from the Tax Foundation found a single average wage earner pays about 29.8 percent in federal taxes. Here's how to reduce your taxable income.

Maryland Itemized Deductions 2020
TED TOAL, CFP®
May 1, 2020

Understand Maryland Itemized Deductions in 2020 and what determines whether you can itemize or take the standard deduction.

Biden Tax Hikes - 8 Possible Changes
AMANDA CLOUSER, CFA, CFP®
November 27, 2020

8 Tax changes possible under Biden Tax Hikes and how they may affect you.

What Are The New Emerging Administration Tax Changes For 2021?
KENT GROFF, CFP®
September 28, 2021

On September 13th, 2021, the House Ways and Means Committee released the first draft of a tax proposal to raise roughly 2.9 trillion over the next ten years. 

Here are Powerful Advantages of Tax Planning in Turbulent Times
AMANDA CLOUSER, CFA, CFP®
November 1, 2021

Here are the Powerful Advantages of Tax Planning in Turbulent Times.

Tax Planning in Turbulent Times Part 2: Tax-Wise Investment Techniques
AMANDA CLOUSER, CFA, CFP®
December 7, 2021

We view effective tax planning as a way to reduce your lifetime tax bill—or beyond if you’re preparing for a tax-efficient wealth transfer to your heirs.

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About Us

At RCS Financial Planning, our mission is clear and straightforward: to provide personalized wealth planning and investment advice that minimizes our clients' financial concerns and maximizes their long-term peace of mind.. We firmly believe that a true financial partner shows you how to make the best choices for your future by always focusing on your needs first. And our fee-only service model ensures there is no conflict of interest.

series
Choosing The Right Finnancial Advisor
Ted Total, CFP®
January 16th, 2020
What Plan Is Right For You?
Ted Total, CFP®
March 18th, 2020
Where To Start Saving?
Ted Total, CFP®
june 12th, 2020
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