Helpful Tips for Year-end Tax Planning

December 7, 2018

Tax planning at year-end always presents opportunities, especially in a year that involves significant new tax legislation. This memorandum outlines key provisions of the 2017 Tax Cuts and Jobs Act even though many of the basic principles remain for year-end planning: defer the recognition of taxable income into 2019 and accelerate deductible expenses or investment losses into 2018. Below is a summary of year-end planning considerations we have been evaluating and/or implementing. For your reference, the Appendix includes tables with key rates and exemption amounts reflecting IRS inflation adjustments.

Read full 2018 Tax Memo here