Individual Tax Planning Strategies

We are currently following the latest legislation and are going to be discussing things as they are now, with the understanding that they may change. We will cover the most commonly asked questions from our clients regarding individual tax planning including:

  • What are the major takeaways from the Build Back Better Act in regards to tax planning?
  • What are the changes to the Federal Income Tax Rate Brackets from 2021 to 2022?
  • While keeping the proposed surcharges in mind, how can taxpayers minimize their tax liability?
  • What are some things to consider when it comes to retirement plan contributions?
  • Are there any SALT considerations?
  • What are most clients' tax liabilities looking like this year? Are there any trends?