End Of Year Tax Conversations
Since we won’t know if the Republicans or Democrats will control the house until January, does that change how we strategize around taxes at the end of this year? President-elect Biden has already said he will raise taxes, so plan accordingly. What do you need to keep in mind now? Do you have a tax strategy?
Read more and get additional financial resources here: https://financialplanningva.com/end-of-year-tax-conversations/
What we discuss on this show:
0:16 - What should we do about taxes at the end of the year?
2:54 - Will you be in a lower tax bracket in the future?
5:24 - Small businesses may be especially nervous about potential taxes.
8:29 - How much does it cost to borrow money?