Keeping current with tax developments is always a good idea and this year is particularly important due to several tax events on the horizon. As a result, Gelman, Rosenberg & Freedman is providing this 2012 Mid-Year Tax Planning Letter to help you navigate through a series of potentially new tax circumstances.
The possible expiration of the “Bush-era” tax cuts next year, the arrival of new taxes on earned income and investment income to pay for the 2010 healthcare legislation, and the ramifications of the Supreme Court’s upcoming ruling on the constitutionality of that legislation all can have a significant impact on your tax situation. There are, of course, other routine life events such as marriage, divorce, the birth or death of a family member, retirement, relocation and a job change.
While many events remain uncertain, having the knowledge you need to understand and prepare for your particular situation is crucial.
Learn more about our tax planning and preparation services.