As tax laws evolve and personal financial situations change, it's essential to stay informed about strategies that can help minimize your tax burden. Here are several tips to consider:
Implementing these strategies can help you manage your tax liability more effectively. Always consult with a qualified tax advisor to tailor these tips to your specific financial situation.
*Withdrawals from Roth IRAs are tax-free if taken after age 59½ and at least five years after the conversion.
Sources: