Year-end Tax Planning Letter 2016

29 Nov 2016 | Under Tax Planning | Posted by | 0 Comments
Well, we waited for another end of year, last minute, tax law change, but due to the election
results one won’t be coming.

One thing is for sure, next year will bring such change. We are
expecting lower capital gain rates, lower tax rates, possible repeal of the alternative minimum
tax, elimination of some deductions, and possible estate tax changes or even a repeal. While
considering likely 2017 changes into year-end decisions makes sense, it’s important not to
weight them excessively. We are expecting changes based on campaign remarks which
usually change once the elected take office.
While little happened in the way of tax legislation in 2016, there are certain tax breaks from
which you may benefit and certain strategies that can be employed to help minimize taxable
income and your federal tax liability.

For more information, advice, and tax-planning,

Download the PDF of our full tax letter below.

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