2020 Last-Minute Year-End Tax Strategies for Marriage, Kids, and Family

11/20/2020

1. Put Your Children on Your Payroll
2. Get Divorced after December 31
3. Stay Single to Increase Mortgage Deductions
4. Get Married on or before December 31
5. Make Use of the 0 Percent Tax Bracket

I know that taxes can cause confusion. Remember, that’s why you have us and we are always here to be of service. If you want to discuss any of the strategies above, please contact us.

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Spencer Accounting Group, LLC does not provide investment, tax, legal, or retirement advice or recommendations in these blogs. The information presented here is not specific to any individual's personal circumstances.

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable — we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

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Author

Keana Spencer is an Accountant, Entrepreneur, and Educator to her clients, with a strong passion. Keana has over 10 years of experience and through her practice, she is a source of knowledge and strategies to her clients.

Keana founded this website and decided and created this blog page to offer a space for those seeking knowledge to understand, however not to be confused with advice or planning strategies.

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