2014 Year-End Tax Planning For Individuals

The 2015 tax filing season may seem like a long time away but it is not. Individuals who want to explore minimizing their tax burden and maximizing their tax savings are eager to get started now on 2014 year-end planning. By taking certain steps now, before 2014 draws to a close, individuals may be able to reduce the size of their tax bill otherwise due when they file their returns next year. This communication explores some of traditional year-end planning techniques, how events in 2015 may impact year-end planning, and more, including the Affordable Care Act, which impacts almost everyone in one way or another. Please feel free to contact our office if you have any questions about 2014 year-end tax planning.

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