FYI: You won’t know for sure how the new tax law will affect your bottom line until this spring, but to boost the odds of good news from the Internal Revenue Service, now is the time to start the tax-planning process. And thanks to the Tax Cuts and Jobs Act, that planning could be a bit trickier than it was in 2017.
Every year around this time, financial journalists recommend various money moves to make before the new year, but even dependable, solid advice can fall on deaf ears. When I was a financial planner in the 1990s to the 2000s, my team and I tried to persuade our clients to focus on these issues, but we often got the same old line: “I’m sorry, but I’m just too busy with the holidays!” (Tip for advisors: We seemed to have the best luck in the first two weeks of December.)
Regards,
Ted
https://www.barrons.com/articles/how-to-make-the-most-of-the-tax-cut-1543610443
