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Cash Flow Planning for Life

Helping you reach your personal & professional financial goals.

Archive for the ‘Tax Planning for Changing Times’ Category

The 2013 tax rates could change your current tax planning strategies.

Tax Rates

With all the changes in 2012, like the end of the Bush-era tax cuts and the beginning of Obama Care, tax planning for 2013 may be challenging. In my FREE eBook: Tax Planning for Changing Times, I shared with you the following:

Tax Changes

This is the fifth installment of Tax Planning for Changing Times: 5 Things You Should Know which can also be downloaded as a free eBook.

There are several other provisions or tax changes that were set to expire on December 31, 2012, that you should be aware of. These changes include the following:

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This is the fourth installment of Tax Planning for Changing Times: 5 Things You Should Know which can also be downloaded as a free eBook.

As of 2013, there is going to be a 3.8% Medicare surtax. Who will pay this surtax?

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3: Estate Tax, Gift Tax, and GST Tax

Posted by Mark On February 18th

Estate Tax

This is the third installment of Tax Planning for Changing Times: 5 Things You Should Know which can also be downloaded as a free eBook.

The 2010 Tax Relief Act reinstated the estate tax, gift tax, and GST (Generation-Skipping Transfer) tax at a 35% tax rate and $5.12 million (for 2012) exemption. In addition to the increase in the exemption amount…

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Tax & Investment Plannig

This is the second installment of Tax Planning for Changing Times: 5 Things You Should Know which can also be downloaded as a free eBook.

Tax planning, along with investment planning, has been turned upside down as 2012 comes to an end. What is a taxpayer to do? If your modified adjusted income is below $250,000 (for joint filers) or below $200,000 (for singles), then no changes in your investment planning are needed. You can proceed as you have in the past.

However if your modified adjusted income is above those thresholds, you will need to…

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Common Tax Provisions Set to Expire

This is the first installment of Tax Planning for Changing Times: 5 Things You Should Know which can also be downloaded as a free eBook.

Did you know ten of the most common tax provisions were set to expire at the end of 2012?

1. Current tax rates – The current tax rates of 10%/15%/25%/28%/33%/35% will increase to 15%/28%/31%/36%/39.6% with the 10% rate disappearing.

2. Social Security – The lower 4.2% social security rate (employee only) will revert back to 6.2% as of 1/1/2013. Read the rest of this entry »

Tax Planning for Changing Times

Are you ready for what some are referring to as “taxmageddon”? The end of the Bush-era tax cuts, the beginning of the Health Care Law (Obama Care), and the looming “fiscal cliff” are some of the reasons why experts believe tax rates will increase in 2013. Readjusting your tax planning approach may be in your best interest as 2012 comes to an end. Knowing which provisions are set to expire is important knowledge to have when you are planning.

I have reviewed these topics in my FREE ebook: Tax Planning for Changing Times: 5 Things You Should Know. Learn more about…

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