Year-End Planning

November 20th, 2012

Dramatic tax increases scheduled to go into effect in 2013 make 2012 tax planning imperative. If Congress doesn’t take action, the federal estate tax rate will increase from 35 percent to 55 percent and the exclusion amount will drop from $5,120,000 to $1,000,000. Planning for these likely tax changes is a major undertaking and many […]