With new tax brackets, there are new deductions and opportunities. Unfortunately, for many people, these laws will also be the cause of new headaches. Did you know that if you save on taxes while contributing at least $155k to your 401(k) during your working years, it will cause taxation on more than $1,000,000! Avoid problems like this and learn where to look to find great opportunities with the new tax code in this course.
Some of the topics covered include finding out whether you can still deduct your mortgage, how the child care tax credit works, exploring estate tax deductions, studying changes to personal exemptions in the new tax code and looking at the impact the new fiscal policy has on ROTH conversion strategies.