When it comes to tax law, "uncertain" remains the watchword. Our new administration is promising to change the Federal tax rate for most taxpayers. If their promises come to fruition, it may be in your best interest to accelerate deductions into this year and defer income into next year.
This interactive guide covers many of the tax issues individual and business taxpayers will encounter during tax planning. Click the buttons within the Table of Contents to navigate through the guide.
Of course, we can't cover every possible tax-savings strategy here; and every situation has unique circumstances that can impact the strategy chosen. Therefore, please contact your MT&L advisor to discuss specific strategies that are right for you.
Download the tax planning guide.