Tax Strategy Planning

Federal and state taxes account for a large portion of cash outflow for most investors, so it can be beneficial to create and implement a deliberate tax strategy to incorporate the most up-do-date tax regulations that apply to each respective investor. 

Considerations include tax bracket ranges, whether a Roth or Traditional IRA/401(k) is optimal, available deductions and credits, capital gains and dividend rates, and several other variables. 

As we approach the extended tax filing deadline on July 15, 2020 for tax year 2019, this article provides an overview of items to consider when sculpting a holistic tax strategy.

Read more on this subject here: https://www.kiplinger.com/slideshow/taxes/T055-S011-tax-changes-and-key-tax-amounts-for-2020/index.html