With new tax brackets, there are new deductions and opportunities. Unfortunately, for many these laws will also be the cause of new headaches.
KEY CONCEPT: If you save on taxes, while contributing at least $155k to your 401(k) during your working years – it will cause TAXATION on more than $1,000,000!
However, the new tax code will lead to new opportunities if you know where to look!
Objectives For this Course:
- Child Care Tax Credit
- Estate Tax Deduction
- Mortgage Deductions – Can I still deduct my mortgage?
- Changes to Personal Exemptions in the new Tax Code
- Effects of new fiscal policy on ROTH conversion strategies