Thomas E. Savino, CPA was quoted in the recent Wall Street Journal article New, Higher Hurdle to Deduct Care. You may find this piece of interest.
The article addresses the upcoming 2013 changes to the tax laws regarding medical costs, the impact these changes could have on an individual’s income taxes, and some recommendations on how this impact could be reduced if the taxpayer acts before the end of 2012.
Thomas E. Savino was quoted in the recent FORBES.com article Should You Prepay Your State And Local Taxes By Dec. 31, 2012?. You may find this piece of interest.
The article addresses the timing of deducting state and local income taxes as an itemized deduction in 2012 versus 2013 in conjunction with the Alternative Minimum Tax. The article address the impact the AMT could have on an individual’s income taxes and some recommendations on how to timely pay and deduct state and local income taxes.
These issues are of widespread concern to many U.S. taxpayers and timing may be of the essence.
If you wish to discuss these issues in more detail, please feel free to contact me at (781) 449-3919 or via e-mail at email@example.com.