Are You Taking Advantage of the Current ‘Tax Holiday’?

The tax picture is scheduled to change in the not-too-distant future, so now is a good time to make some moves to capitalize.

A calendar with the word "Holiday" underlined in highlighter.
(Image credit: Getty Images)

The Tax Cuts and Jobs Act of 2017 (TCJA) made significant reductions in individual income estate taxes, benefiting many Americans. But with a new administration and new tax proposals from President Biden’s office, some may be worried about possible changes to their tax rates.

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Kurt Fillmore, Investment Adviser
Founder and President, Wealth Trac Financial

Kurt Fillmore is founder and president of Wealth Trac Financial, an independent financial services firm based in Bingham Farms, Michigan, specializing in customized wealth management and retirement planning. He is an Investment Adviser Representative and licensed insurance professional.