This is why filing your income tax return will never be the same

This is why filing your income tax return will never be the same  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  VIEW IN BROWSER | SUBSCRIBE THU, DEC 26, 2019 YOUR WEALTH Editor's Note We hope everyone enjoyed their holiday. Here at Your Wealth, it's time to reflect on the year we've had — or, rather, the decade, which is quickly winding down. To help jog your memory, CNBC has compiled a special report, the "Decade of Disruption," recalling all the major events that shaped our financial lives over the past 10 years. Remember the tax cut that lowered everyone's taxes but meant surprise tax bills for some? Find out why here. Or why this was supposed to be the decade of tougher consumer protections yet it never quite happened. And learn how the explosion of low-cost index funds have driven down the cost of investing across the board for consumers. It's been a quite a ride. While no one knows what the future has in store, our commitment to you, as always, is to provide the latest and smartest news and information. Here's to the decade ahead. For more cool stuff like this, please follow me on Twitter @jimpavia and check out CNBC's Financial Advisor Hub and CNBC + Acorns Invest in You: Ready. Set. Grow. Jim Pavia @JIMPAVIA This is why filing your income tax return will never be the same Say goodbye to mere tax prep and hello to tax planning. The Tax Cuts and Jobs Act took effect in 2018 and disrupted the way Americans file their taxes, plan their charitable giving and decide whether to head for income tax-free states. This was supposed to be the decade of tougher consumer protections. That didn't happen The 2010s opened with big ambitions of protecting consumers following the financial crisis. There has been progress despite many twists and turns, but consumers may not be as better off as some had hoped. Why this strategy has been a boon to investors over the last decade The growth of passive, index-based choices — including exchange-traded funds and index mutual funds — has pushed investment fees lower across the board. This 'deal' could cost you 27.5 times more interest. Here's what to avoid when shopping this season If a retailer tries to lure you to apply for a store credit card touting "0% interest" or "special financing," beware. That offer could come with a very expensive expiration date. And you may be able to find a better deal. California tries to curb discrimination in auto insurance pricing California is amending rules around pricing offered to "affinity groups" so auto insurers can't charge more to people of color and lower-income drivers. Last-minute financial moves to make before year end Instead of thinking of it as a resolution, use this time as an opportunity to form new, healthy money habits that will last throughout your lifetime. Here's how the new retirement legislation could fall short The Secure Act, signed into law days ago by President Trump, aims at boosting access to workplace retirement plans such as 401(k) plans, yet may fall short of expectations. Not knowing these Roth IRA truths can cost you Being able to draw from post-tax savings in retirement can help you limit your taxable income and boost your bottom line. But many people don't know the ins and outs of one retirement savings choice — Roth IRAs — that can help you achieve that. Here's a breakdown of what you need to know. If you're a business owner, grab this 20% tax break before the year ends The new qualified business income deduction can be an attractive one for small business owners who want to save a few dollars in 2019. What you should know before you claim it. This year we will interview over 50 financial advisors. We will only hire three "In some years, we hire no new advisors. Last year we hired just two. This is the right pace for a firm that is protective of its culture, and wants to be sure that everyone representing the brand makes us proud ..." CONTRIBUTORS Sharon Epperson @sharon_epperson Josh Brown @ReformedBroker Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel   Digital Products Feedback Privacy Policy CNBC Events   © 2019 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS