It is more important than ever to get a head start on year-end tax planning. To assist with the process, Price Kong has released a 2021 Year-End Tax Planning Guide.
The end of the year presents a unique opportunity to make sensible financial moves that can help save money on your federal and state income taxes. What’s more, the plethora of tax bills that have become law in recent years—including the Coronavirus Aid, Relief, and Economic Security (CARES) Act and the Setting Every Community Up for Retirement Enhancement (SECURE) Act—make tax planning even more important this year.
Now is a good time to start working with your tax professional to plan year-end tax moves and formulate a tax plan for the entire year.