(Find more year-end tax tips: 10 Tax Planning Steps to Take Before New Year’s Eve)
The window of opportunity to trim 2020 tax bills, save for retirement and leverage strategies to secure one’s financial future is closing. Some of these opportunities arise from temporary measures intended to help people cope with the pandemic that expire at the end of the year.
To help Americans make these moves in a timely manner, the American Institute of CPAs on Tuesday offered tips from its cohort of CPA financial planners. We’ve focused here on those that seemed particularly salient or time-sensitive this year. Click through the gallery to see six financial planning tips for the end of 2020.
Register now for the free webinar “What Will Be the Biggest Tax Implications for 2021,” set for 2–3 P.M. EST, on Wednesday, Nov. 18.
— Related on ThinkAdvisor: