Trump Tax Plan Upends Year-End Tax Planning
Published Friday, September 29, 2017 at: 7:00 AM EDT
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.
This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation. Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.
2021
-
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
2020
-
Holiday-Shortened Week Ends With Stocks Little Changed, Despite D.C. Drama
-
The Financial Economic Situation Now
-
Bull Market Has Broadened
-
Why Did Stocks Close At A Record-High After Disappointing Jobs Report?
-
Americans Sit On A Mountain Of Cash Amid Pandemic
-
For High-Income Earners And Families, Failing To Plan Is A High-Stakes Gamble
-
Stocks Break Record, But Smart Money Is Focused On Taxes
-
Wall Street Reacts To D.C With A 7% Weekly Gain
-
On Election Eve, Here's The Economic Outlook
-
Sizing Up Economic Prospects
-
Two Good Economic Surprises
-
October Surprise May Be The Economy