Tax Deduction Planning: The Sooner, the Better

The US economy continued to grow steadily, with Fed easing concerns about interest rate hikes. Meanwhile, the Thai economy was expected to benefit from the implementation of the budget in the second half of the year. Yet, many economic variables remained at risk; it was advisable to diversify investments to mitigate volatility and ensure favorable returns in the long term.

During April, the market experienced volatility due to two main events, led by the conflict in the Middle East, resulting from retaliatory actions between Iran and Israel. Analysts believe that these exchanges of attacks may only be symbolic gestures.

Latest situation on the conflict in the Middle East and inflation: Analysts believe that the ongoing attacks between Israel and Iran are unlikely to escalate further. However, the currently volatile oil prices could be a contributing factor that may cause U.S. inflation to decrease

The policy interest rate of the United States is at 5.25-5.50% following the FOMC meeting in January. Investors have changed their perspective on Fed interest rate cuts from an initial expectation of 6 cuts to now predicting 3 cuts for this year, reflecting stronger-than-expected economic data.

March of every year is the last month that we can file personal income tax. Many of you might get tax return, but many of you might need to pay more tax. So, how can we manage to prevent additional tax payment. Let’s see.