The Clock Is Ticking: Take Advantage of Low Tax Rates Now
Tax rates are historically low, but how long will they stay that way?
And what kinds of tax strategies can you employ that take advantage of those rates and may help lessen your tax burden – both as you near retirement and while in retirement?
The time is now to start learning about and implementing tax strategies that will give you more tax certainty during a time of uncertainty. Consider the numerous reasons tax planning is vital. Our exploding , which recently surpassed $30 trillion, could cause tax increases in the past 10 years. And with income tax cuts in the Tax Cuts and Jobs Act of 2017 set to expire at the end of 2025, the clock is ticking. An increase in capital gains taxes and a wealth tax are other possibilities that some Washington politicians are debating.
