Tax Guy: It’s not too late — you can still trim your 2021 tax bill. Here’s how.

This post was originally published on this site

With year-end rapidly approaching, it’s time to consider moves that will lower your 2021 tax bill and hopefully position you for tax savings in future years too. This column is Part Two of my list of suggested year-end strategies. In Part One, we addressed a bunch of proposed federal income tax increases that make year-end tax planning highly uncertain this time around. 

In this column, we nevertheless forge ahead with the rest of the year-end planning story — understanding full well that things could change. So, stay tuned…