There are several strategies to consider when looking to save on income taxes. One strategy involves lessening your amount of gross income, which comprises five methods, or pillars: deferral, exclusion, elimination, offsetting, and character of income. In this podcast, Tom Kelley, national director of income tax planning for Wilmington Trust’s Emerald Family Office & Advisory,® offers his insights on how each of these pillars can help mitigate your tax burden.
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