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Your Life, Your Taxes

Life's Changes Bring Tax Changes

Life changes ultimately have tax consequences, from birth to death. During your lifetime, you may go on to postsecondary education, get married, get divorced, have children, send children to college, buy or sell a home, start a business, contribute to a retirement plan, draw money out of a retirement plan, or change jobs. Besides their impact as life changing events, they may have tax implications and even yield tax deductions.