There is still time to do some 2022 year-end planning! Once the year is over, we will be unable to proactively assist with your 2022 tax situation; so please reach out to us if you’ve experienced any major life events this year.
Major life events could include:
- birth of a child
- launching college-aged children
- significant changes in income
- sale of property
Of additional note are the 2023 tax brackets provided in the 2022 year-end planning checklist. On the “good” side of inflation, income brackets for various tax tax rates are increasing, which means taxpayers making more in 2023 could still be in a lower tax bracket.
Please take a look at this 2022 year-end planning checklist and reach out to us if you have any questions.