Although you can’t avoid taxes, you can take steps to minimize them. This requires proactive tax planning - estimating your tax liability, looking for ways to reduce it, and taking timely action.
To help you identify strategies that might work for you in 2024, we’re pleased to present this tax planning guide. It explains recent tax law changes of significance, and it notes some tax law changes that have been proposed. It also provides a refresher on the extensive changes that generally went into effect six years ago under the Tax Cuts and Jobs Act (TCJA) — and their potential impact on tax planning. Finally, it shows how various strategies apply to different situations, and presents charts and case studies to illustrate some specifics of tax planning.
We would welcome the opportunity to help you map out a tax plan that takes full advantage of all strategies available to you or discuss other tax matters of interest to you. Please let us know how we can be of assistance. We look forward to working with you to maximize your tax savings.