Strategic Tax Tips - March 20, 2018

By Colleen M. Henes, CFP®, JD
Financial Advisor, Advanced Planning

March 20, 2018

There have been a lot of changes in the tax code since President Trump signed the Tax Cuts and Jobs Act in December 2017. One of the most talked about is deductions. The various revisions to and elimination of certain itemized deductions combined with the increased standard deduction makes 2018 a great year for proactive tax planning. Each of you has a different set of circumstances that warrants a discussion with us and your tax preparer. We believe the best time to do this is the third quarter of the calendar year – your advisor or tax preparer can complete a tax analysis year-to-date while allowing enough time to make impactful changes prior to the end of the year. So mark your calendars and set your iPhone reminders!

Unless otherwise expressly indicated, the opinions or views expressed in this article are the author's own and do not reflect, and may differ from, the opinions or views of Strategic Financial Group, LLC or others within Strategic Financial Group, LLC, including its officers, managers, owners, employees or other service providers.