Available before the release of official figures by the IRS, and within hours of release by the Bureau of Labor Statistics, this report gives tax practitioners and financial professionals an early start on 2021 tax year strategies.
This report is meant to bring steadiness to comprehensive tax planning and access the projected tax rates. This report includes,
In the report, there are also projected retirement planning figures including income limits for Roth IRA contribution eligibility and deduction limits for qualified retirement savings contributions. There are hundreds of other amounts necessary to calculate clients’ taxes, tax tables, standard deduction amounts, thresholds for application of wage-basis limit in calculating qualified business income deduction, AMT thresholds, annual estate tax exemption amount, annual gift tax exclusion amount, education credit amounts and deduction limits for health and medical savings accounts. Download your free copy today and help your clients save in the future.
Source: Bloomberg Tax & Accounting