The Senate passed the CARES Act which provides emergency assistance for individuals, families, and businesses affected by the COVID-19 pandemic.
Consider Roth IRAs and other tax efficient strategies when planning ahead for potential future higher taxes.
There is one important number for investors to know that can drive tax planning strategies at year-end: their marginal tax bracket.
Under a program created by the Tax Cuts and Jobs Act, investors can receive a tax break on capital gains if they invest those gains in an opportunity zone.
As the federal budget deficit rises, it is likely that investors will see taxes move higher in the future.