Tax Bill Drives Another Stock Market Record And Gives You To-Dos By Year-End

Published Friday, December 8, 2017 at: 7:00 AM EST

The new tax law drove the stock market to another new record high close on Friday. Although it's not finalized and could still change, meanwhile, you cannot wait for Congress to have it all in writing to act on cutting your 2017 tax bill by December 31. Here's what's happening that affects your wealth. It's always important to give to charity but this year adds new urgency to charitable giving. The House and Senate versions of the tax law both simplify tax-filing starting in 2018 by eliminating deductions for charitable contributions unless you itemize when filing. This...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.