Trim Tax Tabs with These Year-End Moves: Tax Strategy Scan
With the year coming to a close, Kiplinger offers last-minute tips for retirees to enhance their tax savings this year. Clients nearing retirement will need to revise their tax-saving strategies, as some tax breaks are no longer available and replaced by new ones, thanks to the new tax law, according to Kiplinger. For example, these clients should consider running the numbers based on standard deduction and itemized deduction and choose the option that will generate the bigger savings.
To read the full article in Financial Planning, click: Trim Tax Tabs with These Year-End Moves: Tax Strategy Scan.