Update: 2014 Tax Planning for Individuals

Update: 2014 Tax Planning for Individuals

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Year-end tax planning is especially challenging this year because there were multiple tax provisions which expired at the end of 2013, which may possibly be retroactively reinstated and extended through 2014 through the Tax Increase Prevention Act of 2014. As of December 15th, 2014, however, this bill has only been passed by the House of Representatives. Congress may not decide the fate of this bill, and the tax breaks it would extend, until the very end of this year (and, possibly, not until next year). Read more.


The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.


About the Author

Keiter CPAs is a certified public accounting firm serving the audittax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial servicesconstructionreal estatemanufacturingretail & distribution industries and nonprofits. We also provide business valuations and forensic accounting servicesfamily office services, and inbound international services.

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