February’s Insights: Taxes
Here’s a quick guide to make sure nothing gets forgotten this year.
In the last year, have you…
📊 Sold or traded investments (in a non-retirement account)?
🏠 Made big moves in real estate?
🎓 Paid tuition or student loans?
💵 Made or received gifts above the annual limit ($18K per person)?
🎁 Donated to charity (cash or non-cash)?
👶 Expanded your family with a little one (hello, tax credits!)?
🧃 Gave your kid $10K to start a ‘business’? That counts.
🪂 Took up skydiving lessons? Ok, maybe not deductible—but memorable!
Here’s the good news: At Deep Creek Financial Planning, we’re testing* a brand-new tax summary letter to help our clients avoid the “Oops, I forgot!” moments. It’s a simple, organized way to remember all those taxable adventures.
We plan to roll out the tax summary letter for every client in 2026 since it takes all year to prepare for it.
Looking for something new we can offer you right now? 🎉
After you file your 2024 taxes, schedule your free Tax Return Review!
We’ll help you dive deeper into your return so you can gain a clearer understanding of your taxes—and where there’s understanding, there’s an opportunity to save. 💡
A Tax Return Review Includes:
- A clear 2024 summary
- A 2025-2026 estimate based on current tax law
- Actionable tax saving strategies!
Your CPA + Deep Creek’s Tax Planning = AMAZING!
Behind The Scenes
I always like it when someone gives me the special tour or shares something not everyone knows. If you’re interested in a behind-the-scenes tour of a typical business day for me keep reading.
Here’s my day from Wednesday, Jan. 29th:
- 6 AM: Wake up, read my Bible / devotional, use the Pause app, and read a chapter of non-fiction
- 7 AM: Head out to meet Bryan from church for coffee in Spokane
- 8:30 AM: Workout (and recover with a dip in the hot tub!) at the North Spokane YMCA
- 9:30 AM:
- Work from the Y’s co-working space
- Meeting Prep
- Edit a press release about WA Saves
- Invite Christian business owners to join the new Faith Driven Entrepreneur group
- Think through a client’s complex estate plan, prepare a brief for the estate attorney, and coordinate the implementation of wills, trusts, and business continuity plans
- 1 PM: Meet Mark, a fellow business owner, for lunch so I can interview him about how his business might serve my clients
- 2 PM: Head to my office in Deer Park
- 2:30 PM Client Call: Discuss long-term care solutions with clients from Georgia
- 4 PM Discovery Call: Get to know a young couple from Spokane and begin discussing their money goals and an inheritance
- 4:30 PM Discovery Call: Get to know a Deer Park business owner and her husband to discuss their needs to save money on taxes, plan for retirement, and consolidate their investments
- 5 PM: What I do almost every night (Video) followed by dinner with the family at our home in Deer Park
- 6:30 PM: Head out to drop off a kid at youth group and then on to Pickleball in North Spokane!
What do all those activities add up to? Helping active retirees and successful business owners LIVE ABUNDANTLY by connecting the dots between family goals and strategic financial planning.
Happy February!
