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The Tax Cuts and Jobs Act of 2017 lowered Federal income tax rates for most Americans. Even though these rates are historically low, how long will they last? Deficits have increased under the current Congress and the National Debt continues out of control. The Tax Cuts and Jobs Act only made the problem worse. A future Congress will need to raise taxes at some point to address the issue. In fact, the current Congress actually built a tax increase into the new law! These tax cuts for individuals expire in 2027.
What does that mean for you and your clients? You have a short window of opportunity to help them take advantage of today’s low rates. In this quick video, I explain how TAX-FREE income from Index Universal Life can help three different types of clients. We will explore how you can help young professionals, pre-retirees and established retirees take advantage of today’s historically low Federal income tax rates.
