5 Tax Mistakes Gen Xers Are Most Likely To Make — And How To Avoid Them

For many Gen Xers, the late 40s and 50s are a time of higher salaries, higher investment growth and progress on long-term goals. But relying on old tax strategies or making assumptions about retirement contributions can put Gen Xers in a tough tax position. Experts explained the most common tax mistakes Gen Xers make and how to avoid them. 1. Letting Peak Earning Years Outpace Your Tax Strategy As incomes rise, so does tax complexity, and many Gen Xers run straight into phaseouts and income limits, ac ...