As taxpayers, we’ve now felt the full impact of the changes the Tax Cuts and Jobs Act (TCJA) made to the tax code. Losing significant itemized deductions had many people looking for other tax savings opportunities. One area that shouldn’t be overlooked is your investment portfolio.
Proper tax management of your portfolio is estimated by industry professionals to improve your after-tax returns by 1-2% a year, so over the long-term, this benefit could be quite substantial.
If you have taxable investments outside of your retirement accounts, then you may wish to consider using these 10 strategies to help control income taxes.
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