Depending on your financial past, you may have some items to take into consideration. We have experienced several changes to our lives and finances over the last eight months with the impact of the coronavirus pandemic and 2020 election.
In order to be prepared for 2021, you need to make sure you are aware of any investment losses, issues that could arise with tax planning, such as an income increase, income decrease, any capital losses, tax bracket determination, any charity donations, etc. There are numerous items that go along with tax planning to take note of.
Additionally, you will want to review the following checklist to make sure any cash flow issues, insurance planning issues, and estate planning issues are under control prior to the new year beginning this upcoming January.
View the checklist here.
For any and all questions about end-of-year planning, Three Bridges Planning is happy to help you answer these questions. Give us a call at (321) 225-3154 or email us at firstname.lastname@example.org!