10 Smart Tax Strategies to Consider Before Year-End

1. Invest in municipal bonds to generate tax-free income

Even with reduced tax rates, municipal bonds may still be attractive on a relative tax basis for higher-income taxpayers , especially those who find themselves subject to the 3.8% surtax on net investment income. The tax equivalent yield, i.e., the yield an investor would require in a taxable bond investment to equal the yield of a comparable tax-free municipal bond, is higher for those taxpayers.

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Dana CaroComment
The Trump Tax Plan: What You Need to Know

The big news today is the White House's tax plan, which proposes to cut taxes across the board, relieve millions of people from the burden of paying income taxes, and make filing much simpler and easier—all while keeping the budget in balance (or at least not making the situation worse). The question, of course, is whether it can do all it promises, and whether it stands a chance of passing.

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Dana CaroComment