Gorfine, Schiller & Gardyn’s annual tax planning guide includes year-end and year-round tax-saving strategies for individuals and businesses for the 2021 tax year and future years.
Year-end tax planning is critical to ensure you are making the most financially sound decisions to save money on your federal and state income taxes. Tax planning can be challenging, and to make matters more complicated, a number of tax bills have been signed into law in recent years – including the Coronavirus Aid, Relief, and Economic Security (CARES) Act and the Setting Every Community Up for Retirement Enhancement (SECURE) Act – making year-end tax planning even more necessary this year.
The global pandemic continues to impact businesses and individuals, and with that, there are tax developments to take into account for the current tax year as well as potential tax law changes under consideration, which, if passed, could significantly affect tax planning going forward. This year’s guide includes strategies for individuals, opportunities for business owners, and a list of proposed federal tax law changes.
Understanding your tax situation now will help you develop a valuable tax plan for the 2021 tax season and for the entire year. Download our guide and learn tax planning strategies to potentially reduce 2021 taxes before the end of the year and position yourself for a successful tax season.
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