Unfortunately, the end of some pandemic-era tax breaks is likely the beginning of tax hikes over the next few years. The big reason is because the Tax Cuts and Jobs Act begins sunsetting next year and many of its provisions are scheduled to expire in 2025. In this episode of Edelman Financial Engines’ Everyday Wealth™, Jean is joined by wealth planner Isabel Barrow to explore who may face tax increases and to share 11 strategies to start using right now to help reduce your tax burden in the years ahead. Later in the episode, Jessica DeBold, director of advanced planning strategy and tools with Edelman Financial Engines, joins the conversation to discuss tax-smart withdrawal strategies for your retirement accounts designed to help improve your tax situation.

Ms. Chatzky receives cash compensation for acting as host of the Everyday Wealth podcast and for related activities and therefore has an incentive to endorse Edelman Financial Engines and its planners.  That compensation is a fixed sum paid on an annual basis; and reimbursement for certain expenses.  The amount paid each year does not vary, is not based on show content or any results-dependent factors (e.g., popularity of the show).

This show is pre-recorded, and any callers are prescreened.

The information provided is for informational and educational purposes only and is not meant as tax, legal, or investment advice. Please consult with a financial advisor and tax professional to help determine the best options for your particular circumstances. Edelman Financial Engines does not provide tax or legal advice.