While the much higher standard personal deduction that was a key part of the Tax Cuts and Jobs Act (TCJA) of 2017 was a boon for many taxpayers, the law also contained a provision that many higher-income individuals see as a poison pill: the $10,000 limitation on deductions for state and local taxes (SALT).
The economic and market turmoil during the past year, most of it caused by the pandemic, has brought into sharp focus for many investors the vital importance of dependable, professional advice about investments and financial planning.
Since the onset of the coronavirus pandemic, the ultimate hope for halting the uncontrolled spread of the virus has been development and wide availability of an effective vaccine.
You may have seen the news the last couple of weeks featuring prominent mentions of GameStop, a video game retailer, and AMC, a cinema chain. Wall Street hedge funds and individual investors have been engaged in a contest of wills, of sorts, and the financial implications amount to considerably more than a player’s name in the high scorer’s list.
Chances are, you know that you likely need to tap the expertise of multiple professionals to pursue optimal financial results in your life.