Tax efficient investing in high-yield corporate bonds requires allocating them to tax-sheltered accounts to prevent ordinary income taxation. As spreads narrow in 2024, yield preservation is critical to net portfolio gains. Read Next: How To Start Investing With Less Than $1,000 “Credits are more varied but often more impactful. There are credits for child and dependent care expenses, education credits like the American Opportunity Credit (AOTC), and energy-efficient home improvements ,” Karas said. “For high-net-worth families, things like the foreign tax credit can be important, especially if they invest globally.” [00:03:55.02] And so Republicans were able to do this without negotiating with Democrats. They were really just negotiating among themselves to sort out some of the few provisions they had disagreements on. And some of the big picture items, including the overall cost of the bill, to Jordan's point about mid-year enactment, I think that does create a planning opportunity. Many of the provisions, including the limitations on itemized deductions, are going to be effective starting in 2026. Tax efficient investing remains key in 2024 asset allocation. With Russell 2000 small-cap index lagging at +2.4% YTD, investors are deploying tax-loss harvesting to offset gains from outperforming energy sector stocks, effectively reducing taxable income while repositioning portfolios for cyclical recovery.