2018 Year-End Tax Planning for Individuals

What is the impact of tax reform on your individual tax situation? Now, more than ever, we urge you to consider year-end planning to take advantage of opportunities and be ready for how the changes will affect your tax bill going forward.

2018 year-end tax planning begins with a projection of your estimated income, deductions and tax liabilities for 2018 and 2019. You should review actual amounts from 2017 to assist you with these projections. There may be opportunities to accelerate or defer income or deductions to optimize your total tax liability.
As a member of the BDO Alliance USA, we would like to share with you BDO’s Year-End Tax Planning for Individuals Letter to help you consider the implications of tax reform on your individual financial picture.
As always, your Smith Leonard tax team is ready and able to help you with your planning needs. As questions arise upon reviewing this planning guide, please reach out to us.
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