Tax Strategy Scan: Paying Early for Better Returns
Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.
Even more ways to lower your tax bill: Find out which deductible expenditures your client should prepay, according to MarketWatch. These strategies include squeezing out a thirteenth mortgage payment before the end of the year, and early payments on state and local taxes, which can be deducted form a federal filing. – MarketWatch
Maximize your deductions now. A Trump presidency means you could lose them: A Trump presidency means your clients may lose certain deductions, according to The Wall Street Journal. Several big deductions are likely to be far less valuable or even disappear next year once the president-elect enters office. -- The Wall Street Journal
2017 tax brackets: Here's how to tell what kind of tax bill your client can expect for the income they will earn in 2017, according to the Motley Fool. Advisors can use the tax schedule breakdown in this story to help clients make their upcoming tax decisions. -- Motley Fool