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2023 Year-End Tax Planning Strategies for the Real Estate and Construction Industry

Cherry Bekaert

Contributor: Chelsea Payne , Senior Manager, Tax Services As the end of the year approaches, strategic planning remains crucial for taxpayers looking to optimize their financial positions and set the stage for a strong start in the upcoming fiscal year.

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2022 Year-End Tax Planning Checklist

Withum

Most of the income tax proposals in the 2021 “Build Back Better” bill did not make it into the IRA. General Income Tax Planning. Doing so may enable you to claim larger deductions, credits, and other tax breaks for 2022 that are phased out over varying levels of adjusted gross income (AGI). million in 2023).

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SECURE Act 2.0 Makes Changes to RMD Age, Contribution Limits and More

Anders CPA

If you will not be turning 74 until after 2032, your RMDs do not begin until age 75. Anders Tax advisors keep up with federal, state and local tax legislation to ensure you receive the most up-to-date guidance possible to stay in compliance while still meeting your financial goals. Contact Anders The post SECURE Act 2.0

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Top 5 Tax Planning Tips for Manufacturers in 2024

Anders CPA

It applies to any equipment produced within the US and sold between December 31, 2022 and December 31, 2032. Learn more about how our advisors can help you take advantage of tax incentives, and the associated costs, by contacting Anders below.

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Converting to a Roth IRA in 2022 Could Decrease Your Future Tax Burden

Anders CPA

Current Income Tax Rates at Historic Lows. The Tax Cuts and Jobs Act of 2017 introduced historically low income tax rates, but the law is set to sunset on December 31, 2025. Market is Low. Although this legislation has yet to be made into law, it could still influence some individuals to make the switch.

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Individuals and Pass-Through Entity Owners Leery Over Harris Tax Policy

Withum

With the Presidential election less than one month away, private and family-owned businesses are in limbo when dealing with 2024 year-end tax planning. The Tax Policy Center estimates that only 200,000 individuals are currently subject to AMT, but this number will increase to 7.6 million in 2032.