Chatterton & Associates
2024 Tax Newsletter
This special report reviews some of the broader tax laws along with a wide range of tax reduction strategies.
This report focuses on information that could be helpful for individuals when tax planning for the calendar year 2024. Since 2024 is a presidential election year and both candidates have discussed tax rule modifications, it is highly likely that changes to both income tax and estate tax rules changes may be proposed. Also, please remember that the Tax Cuts and Jobs Act (TCJA) enacted in 2017 brought many changes to the tax code, including many provisions for individuals that are currently set to expire after 2025.
Our goal with this report is to focus on current tax rules, understanding that one of the major uncertainties for all taxpayersis what will happen to the tax code in or after 2025.
Please note that this report is not a substitute for using a tax professional. In addition, many states do not follow the same rules and computations as the federal income tax rules. Make sure you check with your tax preparer to see what tax rates and rules apply to your state.
Download the newsletter to learn more!
In this issue, you'll read about:
- Year-End Tax Planning for 2024
- Retirement Savings Options for 2024
- Tax Changes for 2024
- The 2025 Sunset of Tax Cuts and Job Act Provisions
