Seigneur Gustafson LLP would like to thank you for trusting us with your tax and consulting needs. First and foremost, we want to wish you and yours a happy holiday season and convey our best wishes for a happy safe and prosperous new year.
The current state of Inflation, interest rates, continuing market volatility and sunsetting of several major Tax Cuts and Jobs Act (TCJA) provisions in 20261 makes tax planning as essential as ever for taxpayers looking to manage cash flow while paying the least amount of taxes possible over time. As we approach the end of the year, now is the time for individuals and business owners to review their 2023 and 2024 tax situations to identify potential opportunities to reduce or defer their tax obligations.
The information contained within this planning letter is based on federal laws and policies in effect as of the publication date. We encourage you to consult with us when making tax and financial decisions regarding any of the items on the following pages.