January 24, 2013
We would like to share this article on the recent tax changes approved by Congress.
These measures will have a significant impact on high-income earners, i.e individuals with income over $250,000 ($300,000 for couples). Depending on your particular situation, there are strategies that we can discuss with you in order to mitigate the effects of the tax hikes, such as:
- Reducing investment income by utilizing tax-efficient investment models;
- For those who are self-employed, identifying and implementing a retirement plan that allows for the maximum deferral amount;
- For business owners, reviewing your corporate election in conjunction with your tax advisor.
Please give us a call if you would like to discuss any of these suggestions or, as usual, if you have any questions regarding your finances.
The Team at D. M. Brenner & Assoc.