Certified financial planner Jaime Quinones suggests that job layoffs can present tax planning opportunities like Roth IRA conversions or 0% capital gains bracket.

Certified financial planner Jaime Quinones suggests that job layoffs can offer a temporary lower federal income tax bracket, presenting tax planning opportunities like Roth IRA conversions or 0% capital gains bracket. Prolonged unemployment and lower income in 2024 could offer tax planning chances, despite a strong labor market. It's crucial to consider financial goals and tax projections for the year, however.

June 07, 2024
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