April 2024 | Issue 14

Weed Out Spring Surprises


If you’re like most Americans, there’s something on your mind right now: income taxes. There is a way we can ease your April worries. The kicker is that the approach is most effective when it happens throughout the year.


Harvesting tax losses and minimizing capital gains are actions that can be utilized to offset income gains or tax losses. Such tax planning is vital for business-owner clients. Let the beauty of April be a reminder that tax season doesn’t have to be ugly. Prioritize your annual review with your financial advisor and call when changes happen during the year.

22 Popular Tax Deductions and Tax Breaks  |  NerdWallet

This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor. First Community Financial Consultants and LPL Financial do not provide legal advice or tax services.  Please consult your legal advisor or tax advisor regarding your specific situation.

Planner Spotlight

Many first-time clients are nervous or pessimistic about their financial future. As we work together, I enjoy seeing them become comfortable and even excited.”

 Manning Crapps

Listen Up

Are you ready for 2025?

A series of key tax cuts passed in 2017 are nearing their 2025 expiration date. What do you need to do? Plan ahead, advises this episode of Your Money Briefing by the Wall Street Journal. Host J.R. Whalen digs into the breaks scheduled to expire, and how you can get ahead in case they’re not extended. Listen or read the episode transcript.

Expiring Tax Cuts  |  Your Money Briefing WSJ

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Securities are offered through LPL Financial (LPL), a registered broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. First Community Financial Consultants is another business name of Independent Advisor Alliance, LLC. All investment advice is offered through Independent Advisor Alliance LLC, a registered investment advisor. Independent Advisor Alliance is a separate entity from LPL Financial. First Community Bank and First Community Financial Consultants are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using First Community Financial Consultants, and may also be employees of First Community Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, First Community Bank or First Community Financial Consultants. Securities and insurance offered through LPL or its affiliates are:

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