Articles

11.01.2012

As 2012 comes to an end, many of the reduced tax rates, credits, deductions, and other incentives for businesses and individuals could expire. Key areas that may be affected include:

For Businesses:

• Code Sec. 179 Expensing
• Bonus Depreciation
• De Minimis Rule in Repair Regulation
• Dividends
• Expired Business Tax Incentives
• Small Employer Health Insurance Credit

For Individuals:

• Bush-Era Tax Cuts
• Child Tax Credit
• Alternative Minimum Tax Patch
• American Opportunity Tax Credit
• Job Search Expense Deductions
• Lifetime Gift Exclusion

Read more about these and other potential changes to tax policy in these articles:

• 2012 Year-End Tax Planning for Business
• 2012 Year-End Tax Planning for Individuals

More End-of-Year Tax Planning Thought Leadership:

• Realizing Critical Tax Advantages with Year-End Tax Planning
• 2011-2012 Quick Tax Facts
• Minimizing Taxes: How to Plan Your Tax Strategy in a Fast-Changing Environment
• Reliable Counsel: Accountants Can Help CEOs in Many Ways, But the Key Factor is Always Trust
• Silver Bullet for Exporters: How to Qualify for an IC-DISC That Can Decrease Tax on Export Sales by Half

For Thought Leadership on other tax topics, click here.