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2012 Year End Tax Planning is a Must!

With the end of 2012 fast approaching us it is more important than even to do year-end tax planning. Unless any tax laws change before the end of 2012, as of January 1st, 2013, the long term capital gains tax rate is set to go from 15% up to 20%. There may also be an increase on the tax rate of qualified dividends, which may go from 15% to 39.6%. This one potential change alone may have major tax implications on your personal situation. It may work in your favor to make changes to your portfolio before January 1st, 2013 to take advantage of the lower rates.

Please contact our office if you would like to make a tax planning appointment before the end of the year. As always, consult your personal tax advisor on all of the above information.

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