2020 Year End Tax Planning For Retirees, Business Owners, And Families

Published Tuesday, Sept. 22, 2020; 10:30 PM EST

(Tuesday, Sept. 22, 2020; 10:30 PM EST) Covid has suddenly imposed tax and financial obstacles that can make year-end tax planning more challenging in certain situations. Business owners, families with more than $5.8 million in assets in stocks, bonds and real estate, and retirees who take required minimum distributions (RMDs) from an IRA, 401(k), or other qualified retirement account are at risk of missing these major opportunities to reduce their taxes by acting before the end of the year.

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This article was written by a professional financial journalist for Meg Green & Associates. and is not intended as legal or investment advice.

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