2024 Year-End Tax Guide: The Best Strategies for Higher-Income Taxpayers to Minimize Taxes in 2024 and Beyond
Overview
Minimizing taxes is a critical challenge for higher-income taxpayers subject to higher tax rates and certain additional taxes, as well as tax-break phaseouts. To meet this challenge, this year-end tax guide focuses on key considerations to help you stay compliant with the tax laws while maximizing your tax benefits in 2024 and beyond. This guide includes tax-saving strategies on income and deductions, executive compensation, investing, real estate, business ownership, charitable giving, family and education, retirement, and estate planning.
Use the guide to identify the best tax planning strategies for your particular situation with your tax advisor, who can also keep you apprised of any new tax law developments that might affect you.