Top 5 year-end Tax Planning Ideas for 2020
We recently came across an excellent article discussing five 2020 year-end planning ideas. According to the article, here are the top five planning ideas:
- 2020 Roth Conversions
- IRA Distributions
- Qualified Charitable Distributions for 2020
- Gifting
- Updating Estate Plans After The SECURE Act
With 2020 coming to a close, plus the ups and downs this year has brought, there may be some unconventional opportunities with the items listed above. Click the link below to read details about each idea.
If you have any questions or would like to do some tax planning before the end of the year, please contact your tax preparer.