06 Sep Introducing the 2016/2017 Tax Planning Guide Series
For tax planning, the only certainty is uncertainty
Last December, many valuable tax breaks were made permanent by the Protecting Americans from Tax Hikes Act of 2015 (the PATH Act). As a result, tax planning in 2016 is a little easier than it has been in recent years.
But there are some tax breaks that the PATH Act only temporarily extended, in many cases only through Dec. 31, 2016. And, even though many tax law provisions are now “permanent,” this simply means that they don’t have expiration dates. With tax reform still on Congress’s agenda and a new President entering the White House in 2017, some major changes could be on the horizon.
So in your 2016 planning, don’t count on the tax regime remaining the same indefinitely. In other words, the only certainty in tax planning is uncertainty.
What does this all mean? Tax planning in 2016 is as important as ever. Check in every other week as we go through a six-part series providing an overview of some key tax provisions you need to be aware of and offer a variety of strategies for minimizing your taxes.
But there isn’t time to touch on all of the available tax-saving opportunities here. So please contact us to learn exactly which strategies will work best for you.