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https://www.barrons.com/articles/here-are-5-tax-moves-to-consider-for-an-unusual-year-51606496167

Here Are 5 Tax Moves to Consider for an Unusual Year

By
Karen Hube
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Illustration by Jack Richardson

Year-end tax planning isn’t as straightforward as usual in 2020. Uncertainty about whether President-elect Joe Biden can enact tax hikes next year is a complicating factor, and some folks can’t predict their 2021 income after earning less this year due to Covid-related job losses, shortened work hours, or forgoing a required retirement account distribution as allowed under the Cares Act.

“With these unknowns, some planning is about hedging your bets,” says Gretchen Hollstein, a senior advisor at Litman Gregory in San Francisco....

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