Last Call For End of Year Tax Moves
Ed’s Edge – Season 1, Episode 10
2020, what feels like the longest year in history, is finally coming to an end. We know that many of us have been impacted by the pandemic in many ways and are tired of talking about it, so let’s talk about some positive things we can accomplish before the end of 2020.
Before the year is over, make sure you look at your finances to see if there are opportunities to save money in both the short and long term. We’re not talking about stashing more money away, we’re talking about saving more money on your taxes. Join us in this podcast to take home tax savings strategies for 2020 and even carry some with you for future years to come.
Here’s what we cover:
1. Gifting – both charitable giving and transfers to your loved ones. There are some benefits here if done right, and a bonus rule for 2020 only!
2. Protecting more of your money from future taxes, today.
3. Taking advantage of any losses you might have. Yes, you may be able to benefit from losses.
4. How to know if you should itemize your taxes next year and what to do now.
Ed’s Food for Thought
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Check out one of my all-time favorites, Chicken Parmesan.