Sep 29, 2022

Currently, people are feeling on edge with increased interest rates and inflation. Gas, food, and living expenses have changed significantly because inflation has increased at a faster pace than we have seen in the last 40 years.

We have had people ask us how inflation will impact their taxes. In this episode, we are going to answer your question and go over the various ways your taxes could be affected.

Here’s some of what you’ll learn in this episode:

• How wage growth has been affected by taxes. (4:12)
• Inflation might slow, but prices are very unlikely to go backward. (6:36)
• How inflation can impact our taxes. (9:53)
• The important things to note about how inflation affects capital gains. (14:43)

For more information: https://www.flemingfinancialservices.com/podcast