Year-End 2020 Tax-Planning Strategies
There likely will be tax changes next year under the new administration, but for now, we need to focus on what's already in front of us.
When it comes to tax planning, much of the attention is on Washington and its changes for 2021, but there's still much to be done when it comes to year-end 2020.
In a future column, I'll be taking a look at what may be on the table for taxes under the Biden administration, but here I'll walk through some tried-and-true tax strategies. These include Roth conversions, itemized deduction moves, qualified business income deduction maximization, and capital gains planning.