Episode 208 - Critical Year-End Planning Tips that Require Your Immediate Attention with Deborah Jacobs – And, Sadly, Our Final Show on KQV

As you probably have heard, KQV is going out of business and, sadly, this will be our final show on this station. We intend to keep the show going and have a promising alternative but no agreement yet. We will keep you posted. But, there is other significant news too. For better or worse, President Trump just signed the Tax Cuts and Jobs Act into law. The tax reform is significant for both businesses and individuals, but this show will concentrate on how individual taxpayers might cut their taxes. Because of the unique timing of the tax law changes, this is the most important year-end tax radio show we have had. You only have a couple of weeks to adjust your year-end planning. This week, on The Lange Money Hour, Jim Lange and journalist Deborah L. Jacobs, the author of several books including; Estate Planning Smarts: A Practical, User-Friendly, Action-Oriented Guide, will be discussing these critical year-end tax planning action points regarding itemized deductions: Pay for items you deduct on your itemized deductions so you can claim them this year. The higher standard deduction in 2018 could mean that even if you can itemize deductions, the tax benefit might not be worth it. Your tax rate might be lower, what will that mean?