Tag Archive: 2013 tax planning

Start your 2013 tax planning with an estimate of your income

Written by April 9, 2013

A new tax rate of 39.6% when your taxable income exceeds $400,000 ($450,000 when you’re married filing jointly) is just one reason to create an income projection for 2013. Another reason: Additional rate changes take effect this year. For example, the maximum long-term capital gain rate increased to 20% when your income puts you in the highest ordinary income tax...