With the holiday season upon us and the end of the year approaching, we pause to give thanks for our blessings and the people in our lives. It is also a time when charitable giving often comes to mind. The tax benefits associated with charitable giving could potentially enhance your ability to give and should be considered as part of your year-end tax planning.
6 Tax Planning Moves to Make Before Year-End
Our general opinion is that tax rates will reset to their 2016 levels at the end of 2025, giving us just over a year to make the most of current, lower, tax rates. Here are 6 things you may be able to do this year and next to lock in current rates while we wait to see how the future of US tax rates plays out in Washington.