Taxes Come First
The 2017 Trump Tax Cuts and Jobs Act has lowered tax rates for the beleaguered American taxpayer. We live in a Golden Age of Taxes. The clock is ticking. The Trump tax cuts are slated to expire in 2025, while a regime change in Washington could undo them as early as 2021.
Like grave robbers opening King Tut's tomb, Congress -- with no debate or public discussion -- plans to raid your retirement accounts for even more money under the so-called SECURE Act. Hang on to your wallet.
Nationally recognized investment advisor Phil DeMuth decrypts the 73,954 pages of tax code to show you where the trip-wires lie. He offers simple rules of thumb to navigate the minefield, all in sparkling English.
If you aren't playing the long game with your taxes now, you are sending a valentine to the U.S. Treasury every April 15 with a needlessly fat check attached. DeMuth shows how to safely pare your investment tax bill down to the legal minimum requirement. It adds up to a small fortune that would be better spent on your life, your family, and your retirement.
Want to make your charitable giving go further? This groundbreaking guide reveals how to maximize the impact of every dollar you donate through strategic tax planning. Rather than
making ad hoc charitable gifts, learn how to develop an intentional lifetime giving strategy that leverages the tax code to your advantage. From simple techniques like bunching donations and giving appreciated stock, to advanced strategies involving charitable trusts and retirement accounts, The Tax-Smart Donor shows you how to be a more effective philanthropist at any income level. Whether you're making annual gifts to your alma mater or planning a major charitable legacy, this essential resource will help you do more good while keeping more of your hard-earned money away from the IRS.
All or a portion of philanthropic contributions can generate significant tax deductions for the donor. That benefit, however, is far from automatic.
-Warren Buffett