Today is July 16, 2019 -
Year-end is an opportune time to consider financial and tax planning strategies. The enactment of the 2017 tax cut legislation last December makes year-end planning this year more important than ever. The tax cut legislation effected significant changes, such as lowering tax rates and, at the same time, reducing or eliminating some tax deductions, credits, and exclusions. Taken together, these changes could dramatically impact your tax liability for the year. As a result, we encourage you to review your withholding and estimated tax payments before year-end to ensure there are no surprises when tax returns are filed on or around April 15th.