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?