
Before Tax Reform
What steps can you take before December 31 to reduce your income tax liability?
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What steps can you take before December 31 to reduce your income tax liability?
Tax reform dominated the airwaves in October but before it could tackle tax reform, Congress needed to successfully pass a budget. By a narrow margin the budget passed on October 26th and Republicans immediately turned to drafting a new tax plan.
The month of September is often a challenging one for the stock market but this year the market sailed through the month unscathed. That was in spite of the many events taking place which in the past would have rattled the market.
A credit freeze locks your credit file from unauthorized requests and it can only be opened with a PIN which you know. This is more protection than any other security step you can take.
There are many mistakes that can be made when withdrawing money from retirement accounts. I call them Too Soon, Too Late, Too Little, and Too Much. Any of these violations can result in penalties in addition to taxes.
The S&P 500 Index of the 500 largest US stocks ended the month of June up slightly at a gain of nearly ½ of one percent.