Did you know the federal gift and estate tax exemptions will drop back to million for individuals and million for couples by This change will affect many who were once exempt It makes finding ways to lower your taxes more important than ever Tax Optimization Smart Ways to Reduce Your Tax Bill Tax optimization means looking at your finances and taxes to keep more of what you earn It includes smart estate planning retirement investing and adjusting your portfolio to market changes We'll show you how to use these strategies to save on taxes and grow your wealth over time Key Takeaways The federal gift and estate tax exemptions will decrease significantly in potentially exposing more individuals to taxes Tax-loss harvesting can help offset up to of losses against ordinary income for federal tax purposes Retirement account contribution limits have increased allowing for greater tax-deferred savings Roth IRA conversions can be advantageous when investment values are temporarily lower Municipal bonds offer tax-exempt income and historically low default rates compared to corporate bonds Understanding Tax Optimization Fundamentals https youtu be ZlLsker N U feature shared Tax optimization is complex but essential It aims to lower your tax bill by using deductions and credits wisely Knowing how to use tax brackets deductions and credits can help you save more Basic Principles of Tax Planning Tax planning is about looking at your income deductions and credits It's about finding the best ways to pay less in taxes Key points include Knowing the federal... Login to read full