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American Taxpayer Relief Act: Saving Taxes for Many, Boosting for Some

Learn how the American Taxpayer Relief Act impacts individuals, businesses, and estate planning. Understand the changes in ordinary income tax rates and thresholds for 2013. Discover strategies to optimize your tax planning.

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American Taxpayer Relief Act: Saving Taxes for Many, Boosting 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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