With Congress attempting the most sweeping overhaul of the nation’s tax laws in a generation, this could be your final chance to take advantage of some of these too-often overlooked tax deductions. Be sure you make the most of them with your 2017 return while they’re still around.
Because federal tax law reaches deep into all aspects of our lives (as well as our pockets), it’s no surprise that the rules that affect us change as our lives change. This can be particularly advantageous (or threatening) to investors. Different investments can be treated in vastly different ways by the Internal Revenue Service. As portfolios change over the years, so do the rules that apply. Being alert to the shifting landscape is the key to holding down your tax bill.
SEE ALSO: The Most-Overlooked Tax Deductions
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Date — November 14, 2017 5:00 am
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