Insights

In December 2017, I wrote a Forbes blog, entitled Upper-Income Taxpayers Can Benefit From the Standard Deduction: What You Need to do Now, in which I described the new tax planning opportunities for upper income taxpayers due to the larger standard deduction beginning in 2018.

Toward the end of every year, many publications provide a list of year end tax planning ideas. These articles often suffer from not discussing the exceptions to the advice given. It is difficult to give advice that will apply to most taxpayers in a limited amount of space.