As investors prepare for year-end planning, they may want to consider tax-smart strategies under the CARES Act.
The current tax reform debate in Washington makes tax planning critical as year end approaches.
New taxes took effect this year as a result of the 2010 health-care reform legislation that may have an impact on tax-planning strategies. As of January, the Medicare payroll tax increased to 2.35% from 1.45%. In addition, a 3.8% surtax on “net investment income” was also introduced to help fund health-care reform. Both taxes affect