Who Doesn’t Want to Reduce Taxes? Get 34 specific tips for reducing your taxes now—in our new Magazine issue! - Cabot Wealth Network

Who Doesn’t Want to Reduce Taxes? Get 34 specific tips for reducing your taxes now—in our new Magazine issue!

Learn all about the many ways you can reduce your tax obligation, when you read the December 2020 issue of our Magazine, just released!

December2020FFFMagazineCover

Benjamin Franklin once wrote “… in this world nothing can be said to be certain, except death and taxes.”

And lots of people do things to prolong life, but taxes are mostly unavoidable if you have income of any sort—so, the best strategy is to use all the legal ways to reduce your tax burden to the max. Only pay what you absolutely have to—but you need to be up-to-date on what’s available and what’s changing.

If you practice tax-smart investing, this graph from Fidelity.com shows you how long-term tax smarts pay off by utilizing 4 simple strategies, and the sooner you get started, the bigger the difference it will make:

  • Tax-loss harvesting
  • Managing capital gains
  • Managing distributions
  • Tax-smart withdrawals

Hypothetical Value from TaxSmart Investment Management

Read this article now to find out how to reduce your tax burden—with 34 different ways to legally avoid taxes.

When you read this article in the December 2020 issue of our Magazine, you get all the details about avoiding taxes, including:

  • 2020 Tax Law Changes: How have tax brackets changed for 2020? What is the SECURE Act, and what does it mean for you? What are the new contribution limits for Health Savings Accounts (HSAs)? How are Required Minimum Distributions (RMDs) taxed for 2020? Get all the answers when you read this article now.
  • 2020 Saver’s Credit: What is the “Saver’s Credit,” and how does it affect your retirement savings and planning? You’d better read this article right now, to know if you’re missing out on this tax deduction!
  • 6 Tips to Make the Tax Process (almost) Painless!: Learn the six tried-and-true ways for streamlining the process of preparing to file your taxes—read this article now!
  • 21 Tips for Reducing Your Taxes: Get specific and actionable advice about legally reducing your taxes—21 tips for you right now!
  • 7 IRS Tips for Avoiding COVID-19 Tax Scams: Specific action items for avoiding becoming the victim of a scan … from the IRS.
  • Are Stimulus Checks Taxable?: Get the answer now!
  • What to Expect After the Election: Find out what’s coming from the president, whomever that might be, for 2021 and beyond.

In this article in the December 2020 issue of our Magazine, you’ll learn all about the many options you have for reducing your taxes. Read this article now, and get everything else in this issue of our magazine, including:

This latest issue of our Magazine is ready for you to access now, to discover tips for reducing your taxes … and so much more. Read it now!

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