Tax Planning Insights 2020

Fifth Third Private Bank is here to help:

From COVID-19 to the presidential election, the events of 2020 will have wide-ranging implications for tax planning. To help you make sense of this year’s developments and how they may affect your tax and financial plans, the Fifth Third Private Bank team has put together Tax Planning Insights 2020.

Providing perspective on key tax considerations, this exclusive article series delivers expert insights to help you make the best tax planning decisions for your financial situation.

See how 2020 tax changes could affect you:

Election Year Impacts

No matter who wins in November, tax changes are coming. We look at three post-election scenarios and their potential tax consequences. See what steps you should take now, especially in terms of wealth transfer, regardless of election outcomes.

Be Prepared

The COVID-19 Effect

COVID-19 has changed many aspects of our lives, including financial planning, especially with the passage of the CARES Act in March. From retirement plan distributions to charitable giving, see how the CARES Act, and COVID-19 overall, could affect your tax strategies.

Learn what's changed

SECURE Act Retirement Provisions

Passed in December 2019, the Setting Every Community Up for Retirement Enhancement Act, or SECURE Act, is designed to make saving for retirement easier for everyone. With provisions impacting everything from IRA contributions to small business tax credits, see how the SECURE Act could impact your retirement planning.

Understand your options

Planning for 2020 taxes now could make a big difference in 2021—and beyond.

Your Fifth Third Private Bank Advisor is here to help you determine the best tax strategies for achieving your financial goals—today and for years to come.

Fifth Third Private Bank is here to help: