Let's Face It: Our Taxes Are Going to Go Up
You might want to buy extra life insurance, held in a trust outside your estate, to provide liquidity to pay the higher estate taxes that are surely on their way. Life insurance could be a bargain now, compared with later when there is more demand (and when you're older, making you less likely to qualify).
By all means, pay attention to your tax-filing chores. Check your arithmetic before you file. Be sure to sign your return. Think twice about taking the home office deduction, which will invite IRS scrutiny. Double-check the impact of the alternative minimum tax. File online to get a faster refund -- and beware paying your taxes on your credit card, because there's an extra fee. Please remind seniors who don't usually file a return that they must do so this year to collect their rebate. And do read every tax-tip article you can find in the next ten days. They'll all save you a little money. But only some serious, big-picture tax planning can mitigate the onslaught of tax increases that are surely on the horizon. And that's The Savage Truth.![]() |
- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |















