Gulf Life Now
Home maintenance, buying and selling your home, personal finance, and other lifestyle topics. Personal experience is the key to topics on Gulf Life Now. You need not live on the Gulf Coast to benefit from this podcast. Topics including taxes and how they affect your decision to buy real estate. Retirement planning and buying or selling a home after retirement.
Visit our website and read some of our many articles some of which are about topics on this podcast. GulfCoastalRealtors.com
Gulf Life Now
Your income tax rate will go up in January 2025
That great 2017 tax bill which gave us all a big tax break is going away. Elected officials can't seem to get it reauthorized before the end of the year. It is getting in the way of at least one campaign that wants to scrap it because they did not create it. They want to replace it with some other program.
Because we can not trust our elected officials to reauthorize the bill, it's time to do some serious tax planning for this year. Small businesses will lose some big benefits and they may want to take advantage while they can.
Retired persons may want to remove some funds from their tax-deferred plans while the tax rates are lower.
Listen to our podcast about this topic so you can take action before the end of the year and let your elected officials know where you stand.
Please visit our website and read some of our blogs at https://gulfcoastalrealtors.com