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Year-End Planning: Old Strategies May Result in Higher Overall Tax Burdens

Posted 12:00 AM by

With the re-election of President Obama and the Democratic majority retained in the Senate, it is now more likely that certain tax benefits and lower rates set to expire on Dec. 31, 2012 will expire or be adjusted for higher income taxpayers.

The benefits of certain tax deductions or strategies may also be curtailed for certain taxpayers after 2012 as Congress looks for ways to increase revenues with or without tax rate increases. Read more.

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