Planning Briefs
Urgent Year-End Tax Planning Moves
Published Tuesday, November 10, 2020 at: 10:50 PM EST
With the election of Joseph R. Biden Jr. as the 46th U.S. President, higher federal taxes are almost certain to be enacted in 2021.
Federal emergency aid to individuals and businesses after the Covid outbreak has exploded the federal deficit and now a second aid package is widely expected. The balance-sheet of the United States has been unexpectedly weakened by trillions, which makes tax hikes a financial reality.
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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