How do you plan for an uncertain future? Very carefully. That’s the advice that we’re giving to our clients as they to prepare for the tax law changes that are coming on January 1, 2013.
We can’t see into the future, but it looks like rates will go up, on lots of different types of income, in 2013. Unless changes happen, your rates will be significantly higher on January 1 than on December 31. What difference does a day make? Perhaps as much as a 29.4 percentage point jump in your taxes. (more…)