YEAR-ROUND TAX PLANNING IS FOR EVERYONE AGI is your income from all sources minus any adjustments or deductions to your income Generally, the higher the AGI, the higher the tax rate, and the more tax you pay Tax planning can include making changes during the year that can lower your AGI
2025 Year-End Tax Planning Guide for Individuals | Cohen Co Minimizing taxes is an ongoing challenge for individual taxpayers, and, as year-end approaches, that goal becomes even more critical There are numerous options within the tax code to help reduce your individual tax burden To accomplish this, you must evaluate your overall tax situation and goals holistically In addition to basic planning ideas, the One Big Beautiful Bill Act (OBBBA) adds a
2025 Personal Tax Planning Guide - kpmg. com Prepared by professionals from our Washington National Tax office, the KPMG 2025 Personal Tax Planning Guide provides information and planning tips to help you make sense of the complex and ever-evolving array of U S federal tax rules affecting individuals and their closely held businesses
2024 Year-End Tax Planning Guide - estwa. com The above highlights some of the key year-end tax planning areas for consideration along with changes from the various legislative Acts Since all these provisions together can be complex, we suggest that you speak with your tax advisor about which strategies may work for your specific case
2024 Year-End Tax Planning Guide for Individuals - BDO USA Tax Planning Guide for Individuals Introduction With rising interest rates, inflation, and continuing market volatility, tax planning is as essential as ever for taxpayers looking to manage cash flow while pay
Your 2025 Year End Tax Planning Checklist: 8 Key Moves This comprehensive year end tax planning checklist breaks down eight powerful strategies into actionable steps, providing the clarity you need to make informed decisions We'll move beyond generic advice to offer specific examples and expert tips, ensuring you have a clear blueprint to follow
4 year-end planning steps to trim your 2025 taxes - Miller Kaplan Now is the time of year when taxpayers search for last-minute moves to reduce their federal income tax liability Adding to the complexity this year is the One Big Beautiful Bill Act (OBBBA), which significantly changes various tax laws Here are some of the measures you can take now to reduce your 2025 taxes in light of the OBBBA 1 Reevaluate the standard deduction Taxpayers can choose to
Year-End Matters for Personal Tax and Wealth Planning: CLA The One Big Beautiful Bill Act locks in key tax cuts and introduces new limits, creating a strategic window for individuals and families to reassess income, gifting, and estate strategies before year-end to improve long-term tax efficiency