2022 Year-End Individual Tax Planning Although this year included some major changes in the tax code as it relates to energy credits (mostly effective in 2023 and subsequent years), it was the first year since the passage of the Tax Cuts and Jobs Act of 2017 that planning for income Read more…
2019 Year-End Individual Tax Planning As year-end approaches, it is a good time to think of planning moves that may help lower your tax bill this year. Last year, the federal tax reform bill commonly known as the Tax Cuts and Jobs Act of 2017 (“Tax Act”) became effective, resulting Read more…
The United States Relies More on Individual Income Taxes and Property Taxes than Other Developed Countries Developed countries raise tax revenue through a mix of individual income taxes, corporate income taxes, social insurance taxes, taxes on goods and services, and property taxes. However, the extent to which an individual Read more…