Trump Tax Plan Upends Year-End Tax Planning
Published Wednesday, December 31, 1969 at: 2:00 PM EST
Eager for a major legislative win, the Trump administration and Republican-controlled U.S. Congress are planning a massive tax cut, the biggest rewrite of the U.S. Tax Code since 1986.
Between now and the end of the year, in a legislative and political process pregnant with uncertainty, some taxpayers are likely to come out as winners and others as losers. Year-end tax planning, which is pretty much the same exercise every year, has been upended, and ignoring now how proposed changes to tax rules might affect your personal situation could result in a costly mistake this year.
- Fed Says It Will Stick To Its Plan, As Bond Yield Rises
- Amid Strong Crosscurrents, Stocks Sank 2.5% This Past Week
- A New Rover Landed On Mars And Stocks Closed Lower For The Week
- Ironically, Amazon Profits By Perpetuating Stock Bubble Myth
- Stocks Closed At A New Record High: Can The Party Last?
- Don’t Fall For It
- Housing Boomed Again In December
- The Bad And Good Financial News This Week
- Stocks Set New High Closing Price Amid Turbulence
- Stocks Gained +16% in 2020; Wall Street Expects +7.6% In 2021