2021 Tax Planning Microsite
This guide provides the details of current tax law, items for you to be aware of both now and throughout the year, steps you can take to potentially defer taxes, and options to consider in light of current market volatility and low interest rates. Even if changes to income and estate taxes are not enacted in 2021, there are planning considerations for you to address. The favorable tax laws for individuals resulting from the Tax Cut and Jobs Act (TCJA) of 2017 expire at the end of 2025.
Because tax planning decisions are not made in a bubble, this guide also includes some family dynamics aspects to keep in mind when considering the impacts of financial actions.
Be sure to consult with your investment, planning, legal, and tax professionals to determine the right approach for your needs, goals, and financial situation.