If you’re like most people, you love a great sale. Whether you’re pulled in by the big red sale sign in a storefront window, or you see the red strike cutting through the regular price listed on your favorite website, you know a good sale when you see one.
And guess what? Taxes are literally on sale right this minute. As a result of the Tax Cuts and Jobs Act of 2017, the 25% tax bracket went down to
22%, while the 15% tax bracket went to 12%. What’s more, the estate, gift and generation skipping tax exemptions increased significantly.
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