It’s not too late to consider tax moves that could reduce your 2013 taxes and get you in a better tax position for 2014. Here are some ideas:
If you are self employed, a start up media entrepreneur or a business owner of any sort, it’s not too late to make moves to reduce your 2013 income and self employment taxes. Here are a couple ideas:
- Part 1, which follows, contains three steps to take now to cut your 2013 income taxes: know your tax bracket, investment planning and business planning.
- Part 2, which will be issued next week, covers the impact if the new Medicare tax applies to you, tax benefits of health savings accounts and who needs to pay estimated taxes
The American Taxpayer Relief Act of 2012 was signed by the President on January 2, 2013. The following is a quick summary of some of the more important provisions.
Topics: Income tax planning