We’re more than half way through the year! Can you believe it? Tax return season is still a long way off, but families should always have taxes on the mind when making financial decisions.
I’d like to write a short post today reminding readers of some of the most fundamentally simple ways to save on taxes. Most Americans want to pay a bit less and the IRS has several practical ways allowing you to do so. Here are several that can make the biggest impact on your tax bill, and also benefit you and others in the future.
As we anticipate the final quarter of 2020, this has certainly been an unusual year in many, many respects. Two substantial laws were signed into law that impacted the taxes of nearly every American: The SECURE Act and the CARES Act.
Between the implementation of these two laws and existing rules already in place, there are several tax-saving strategies that come to mind which families should consider taking advantage of before the end of the year.