We are excited to announce that the Abeles and Hoffman 2022 Year-End Tax Planning Letter is now available! In this annual letter, our tax professionals offer a variety of strategies for individuals and businesses that account for both time-honored tax planning methods and recent changes to tax laws.
This year’s letter covers the following areas:
For Individuals:
- Look for ways to defer taxable income
- Evaluate your investments with an eye toward selling
- Bunching itemized deductions to maximize their value
- Make your charitable giving plans
- Evaluate intrafamily loans
- Take advantage of the annual gift tax exclusion
For Small Businesses:
- Maximize retirement plan contributions
- Plan your business asset purchases
- Take advantage of larger deductions for business meals
Click here to read the 2022 Year-End Tax Planning Letter in full.
If you have any questions or desire more information, please do not hesitate to reach out to your Abeles and Hoffman tax professional. We are eager to help you make the most of your tax situation as this year draws to a close.
