After a tumultuous 2020, “uncertainty” remains the watchword, especially when it comes to tax planning. The shift in Washington and evolving economic situation could result in more tax law changes — or not.
To help you make the most of the tax-saving opportunities, we’re pleased to introduce our online 2021-2022 Tax Planning Guide featuring a variety of strategies for minimizing taxes and covering:
- Tax Planning Basics
- Real Estate
- Business and Executive Compensation
- Family and Education
- Charitable Giving
- Estate Planning
To take advantage of all available breaks, first be aware of the new tax laws in effect. While major changes under 2020’s Coronavirus Aid, Relief and Economic Security (CARES) Act have largely expired, some were extended or expanded by last year’s Consolidated Appropriations Act (CAA) or March’s American Rescue Plan Act (ARPA). These laws include other tax law provisions as well. The Tax Cuts and Jobs Act (TCJA) also continues to impact tax planning. The more you know about these changes and possible tax-reduction strategies, the easier it will be to determine which tax strategies make sense for you in 2021-2022.
Contact us to learn more about the most effective tax-saving strategies for your situation.