If Your Answer Is “Yes” to Any of these Questions, You Need a 2016 Tax Projection ASAP

As the end of the year approaches, now is the time to start planning for possible savings on your 2016 tax return(s). 

Do you need a tax projection? If you answer “yes” or “not sure” to any of the questions below, you should have a 2016 tax projection prepared for you ASAP.

• Do you have large capital gains or losses from the sales of stock or other capital assets?
• Has your income changed significantly from last year?
• Do you anticipate any big changes in income or deductions for 2017?
• Have you considered making a ROTH conversion in 2016?

Davis & Hodgdon Associates CPAs has been assisting Vermonters with tax savings strategies for more than 25 years. Call our office at (802) 878-1963 in Williston, Vermont or (802) 775-7132 in Rutland, Vermont for more information and to schedule a strategy session.

Bret L. Hodgdon, CPA, CFP, CFE, CGMA, Davis & Hodgdon Associates CPAs