Income Tax Planning for the Looming Fiscal Cliff
Sep 24, 2012
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By Michael Kitces, MSFS, MTAX, CFP, CLU, ChFC
A rising tax rate environment turns conventional end-of-the-year tax planning on its head. Instead of the usual strategy of accelerating deductions, 2012 may be the year to accelerate income, paying lower taxes now instead of higher taxes later.