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Season 2 Episode 36: The urgent need for tax planning right now

Everyday Wealth

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Navigating Impending Tax Changes

The chapter delves into the possible repercussions of the pending expiration of key provisions of the Tax Cuts and Jobs Act, hinting at potential tax increases for individuals. It stresses the urgency of tax planning to offset higher tax liabilities and maintain more of one's earnings, particularly focusing on wealth preservation and implications for small businesses. Various strategies, including gifting and estate planning, are explored as means to shield assets from escalating taxes amid the evolving tax landscape.

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