Planned Solutions

In this episode of the Planned Solutions Incorporated Podcast, We decided to outsource our lead article to Google Bard this week. Google Bard is Google’s Artificial Intelligence Chatbot. We found that the article generated was mostly accurate, although not completely (see notation in the article), which raises concerns about misinformation or false information when relying on artificial intelligence. This highlights the need to audit any information received from these models to ensure their accuracy Also, Taxpayers often focus on income taxes, but there are other types of tax that can be just as important when it comes to tax planning and tax savings. Employment taxes (Social Security and Medicare taxes) can exceed 15% of income when both the employee and employer contributions are considered. Therefore, employment tax planning should not be overlooked when engaging in tax planning. And, The tax code offers several small tax credits for certain energy-efficient home improvements. However, these credits can