There are significant differences that apply to the tax law this year that could be quite costly to uninformed taxpayers. To help you navigate through these new circumstances that could affect your 2013 tax return, Gelman, Rosenberg & Freedman is providing this Midyear Tax Planning Letter.
Tax categories that are covered and detailed include:
- Business provisions in the tax law that are only available through 2013 and could affect the time you use them.
- Certain deductions from gross income have been extended only through the end of the year.
- Reducing tax liability for high-income earners who are affected by the increase of the top tax rate.
Performing midyear tax planning can save you big money in 2013. From contributions to retirement plans to deferring income, this letter offers you the planning opportunities necessary to reduce your taxes.
Our firm will be tweeting tax hints from this report and other tax help, so follow us on Twitter.