Planning is important. End-of-year tax planning is one part of that planning. This year you should also consider whether you’ve had any payroll tax withholdings deferred. If your employer deferred those withholdings, you’ll have more money withheld next year than usual. That means you’ll have less money for other things, like IRA contributions. Read on to learn more.
Beth Mitchell is a partner in the law firm of Mitchell & Faix. Beth devotes her practice to estate planning, elder law, special needs planning, and probate and trust administration. She is a member of the American Academy of Estate Planning attorneys, the National Academy of Elder Law attorneys, the Denver Bar Association, and the Colorado Bar Association Read More!
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