Sentences with phrase «mitigate larger tax bills»
These types of policies are most common for estate planning purposes where after both insureds pass, immediate cash is needed to settle an estate or mitigate larger tax bills due to estate tax laws.
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Along with other proposed changes, Liddiard said the alteration of the child tax credit mitigates problems for some, but not all, as older children over 16 don't qualify in the Senate bill and many larger families lose out.