1738: [Part 2] 2021 Year-End Tax Planning by Sean Mullaney of FI Tax Guy on Roth IRA vs. Traditional IRA
Optimal Finance Daily - Financial Independence and Money Advice
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Tax Planning for 20 21
The dead line for 20 21 wroth conversions, tax gain harvesting and tax loss harvesting is december 30 first. Tax payers who did not receive their full 20 21 stimulus may want to look into ways to reduce their 20 21 adjusted gross income so as to qualify for additional stimulus funds. Lowering adjusted gross income can also qualify taxpayers for additional child tax credits. In californians, the big one here is property taxes. It may be advantageous to pay billed, but not yet due, property taxes in late 20 21. This allows taxpayers to deduct the amount on their 20 21 california income tax return.
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