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American Taxpayer Relief Act saves taxes for many, boosts them for some

American Taxpayer Relief Act saves taxes for many, boosts them for some. Presented by: <<Company Name>>. The agenda. Individuals Businesses Estate planning. INDIVIDUALS. A mix of tax relief and tax increases. Ordinary-income tax rates. 2012 rates made permanent for most taxpayers

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American Taxpayer Relief Act saves taxes for many, boosts them for some

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  1. American Taxpayer Relief Act saves taxes for many, boosts them for some Presented by: <<Company Name>> [Insert your logo here]

  2. The agenda • Individuals • Businesses • Estate planning [Insert your logo here]

  3. INDIVIDUALS A mix of tax relief and tax increases

  4. Ordinary-income tax rates • 2012 rates made permanent for most taxpayers • Starting in 2013, taxpayers with taxable income over certain limits will be subject to a returning marginal tax rate of 39.6% • $400,000 singles • $425,000 heads of households • $450,000 joint filers • Thresholds will be indexed for inflation in future years TIP:For 2013 you can employ traditional timing strategies of accelerating deductible expanses in the current year and deferring income to the next year. [Insert your logo here]

  5. 2012 vs. 2013 tax rates [Insert your logo here]

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