Complimentary Tax Tips from Intelligent Tax Solution

With the end of the year approaching, it’s time to start strategizing about how you’ll handle your federal tax bill, and it’s even more complicated this year because multiple changes to tax rules have gone into effect.  State and local tax deductions are now capped at $10,000, estate tax exemptions have doubled, home equity debt can no longer be deducted under some circumstances and tax brackets have changed. It’s a lot to keep track of, so consumers should consider getting an earlier start to avoid any hiccups or confusion next year when your return is due.