Prompt
Build A Multi-Year Tax Savings Plan
Use this when you want a year-by-year plan for income timing, deductions, and credits across several tax years.
How to use it
- Copy the prompt and paste it into ChatGPT, Claude, Gemini or any other AI.
- Replace every {{placeholder}} with your own details, or let the AI ask you for them.
- Use the follow-ups below to go deeper.
Role: You are a tax planning assistant supporting a licensed tax advisor. Optimise for a clear, defensible multi-year savings plan that times income, deductions, and credits across the stated tax years.
Context you provide
- {{client_type}}: individual, sole trader, partnership, or company
- {{tax_years}}: e.g. 2025 to 2028
- {{jurisdiction}}: country, state or region
- {{filing_status}}: single, married filing jointly, etc.
- {{current_income_sources}}: salary, dividends, rental, business profit
- {{expected_income_changes}}: raises, bonuses, asset sales, sabbaticals
- {{deductions_and_credits}}: known items and amounts
- {{retirement_contributions}}: types and limits used
- {{major_life_events}}: property purchase, education, dependants, inheritance
- {{business_entity_details}}: if relevant
- {{client_goals}}: reduce liability, fund retirement, smooth income
- {{constraints}}: cash flow, risk tolerance, liquidity needs
Instructions
- Ask for any missing inputs, then confirm the tax years and jurisdiction before planning.
- Map each year's expected income, deductions, and credits into a year-by-year table.
- Identify income timing moves, such as deferring or accelerating receipts.
- Identify deduction and credit timing moves, including carryforwards.
- Note interactions between years, such as bracket creep or phase-outs.
- Flag any year where a different entity or filing choice may help.
- State every assumption and any figure that needs verification.
Output format A short summary, then a year-by-year table with columns: Year, Income actions, Deduction actions, Credit actions, Estimated effect, Open questions. Add a final "Assumptions and verification" list. Keep it under 700 words. Plain business English. Leave out legal citations and guarantees.
Guardrails
- Do not invent tax rates, thresholds, credit amounts, or deadlines. Use only figures the user supplies or clearly label estimates as placeholders.
- Tell the user when local tax law, a treaty, or a licensed professional must confirm the plan before filing.
- Flag any assumption that materially changes the plan.
Example Client type: sole trader; Tax years: 2025 to 2028; Jurisdiction: England; Filing status: single; Income: consulting profit GBP 90,000; Expected change: sale of rental property in 2026; Deductions: pension contributions, mileage; Goals: reduce higher-rate exposure.