A new tax law may call for tweaking strategy but probably not big changes Asset allocation comes first, then comes asset location. It’s the often overlooked strategy of placing investments in the right accounts to minimize taxes. And while the anticipated new tax law may affect the strategy somewhat, don’t wait for passage to act.… Continue reading Asset Location, A Strategy to Cut Taxes, Is Often Overlooked
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You Can Still Cut Your 2016 Tax Bill
It’s not too late to slash your 2016 income taxes. Contribute to your Health Savings Account by April 18. HSA Contributions reduce your taxable income dollar-for-dollar. To be eligible, the account owner must have had a high-deductible health plan with a maximum allowable out-of-pocket amount of $6,550 for an individual and $13,100 for a family.… Continue reading You Can Still Cut Your 2016 Tax Bill