New Tax On Parents And 8 Ways You Can Benefit

Are you a parent? Is the income of your family between $30,000 and $119,000 per year? If so, congratulations! You are now paying the new “tax on parents”.. Total tax rates on parents can get very high, with marginal tax rates as high as 76%! The new tax on parents is a game-changer. It can completely change your retirement plan. However, it also gives parents some exceptional tax planning opportunities. I’ll explain what it is, show you your new effective tax...