Now is a good time to do a mid year tax checkup.
Tax laws are complicated. In an effort to provide some
"bite sized chunks" on how to cut your taxes, we are issuing our midyear tax planning update in two parts.
- 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