In this week’s digest, AAII staff aim to update you on changes to the tax rates and laws pertinent to investors. Find out what decisions you need to make before year end.
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Smart Tax Moves to Make Before Year’s End |
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By Charles Rotblut, CFA
December 2019 is the last time you will be able to adjust many of the levers affecting how much you will owe in 2019 taxes. It also presents a good time to start taking action on your 2020 taxes, especially because you still have the ability to alter the timing of when various deductions and liabilities are realized. In this month’s AAII Journal, the article Smart Tax Moves to Make Before Year’s End offers suggestions that focus on areas applicable to large numbers of individual investors.
Some of the topics covered in the article include:
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How the Tax Cuts and Jobs Act of 2017 has impacted your previous returns and will impact future returns
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When to realize capital gains and losses based on your tax bracket
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Strategizing your charitable donations to maximize deductions
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The new 10% medical deduction threshold
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Deadline for completing a Roth IRA conversion
As always, if your taxes are complex or you have specific questions regarding the tax code, we encourage you to contact a tax professional. Meeting with them before the end of the year may allow you to reduce or adjust your tax liabilities for 2019 and/or 2020. We hope this article offers insight into how you can best navigate your taxes and returns for 2019 and plan for 2020. More »
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The Individual Investor’s Guide to Personal Tax Planning 2019 |
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By AAII Staff
AAII’s annual tax and financial planning guide is designed to help you assess your tax situation given the current tax laws and plan for any changes that may improve your tax liability this year and next. As has been the case, our tax guide provides an overview of the tax rates and deductions likely to impact many AAII members. Although this year’s changes are modest in scope, the tax code is still complex.
Some of the highlights of the article include:
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Estimating your taxes on AAII.com
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What tax law changes have been made in the past year
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Health care reform’s impact on taxes
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How taxes will be affected by certain situations
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Tips on avoiding tax scams
No matter how the tax laws (and tax forms) evolve in the future, one thing is constant: You will still have to pay taxes, and we hope that this year’s guide provides some insight into tax questions that you have. More »
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Member Question
By the end of this year, Amazon.com is expected to account for 52.4% of the
e-commerce market in the U.S. Do you think there should be stricter regulation of
e-commerce giants, given their growing impact on domestic and foreign economies?
A) Yes
B) No
C) Unsure
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Be sure to vote on this week’s question for the opportunity to offer your insights on our open-ended question. |
Previous Question’s Results
What type of analysis do you usually conduct in your investment decisions?
Both : 53%
Fundamental (financial ratios, market value, etc.) : 38%
Technical (price movements, trade signals) : 9%
Poll results are as of 9 a.m. (Central) on Monday. 1,037 respondents.
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