Year-End Tax Planning and 2014 Tax Law Changes

As noted on the “About” page, one of the purposes of this blog is to offer tax savings strategies. As each calendar year nears it’s close, we work with our clients to implement various strategies to reduce their taxes for the year (or in some cases increase them for the purpose of reducing them even more in the following year).  The strategies summarized below comprise the general rules for reducing income taxes year to year and should be considered throughout the year.