TAX PLANNING FOR 2012
Corporate and individual tax deadlines have come and gone for 2011; now is the time to start planning for 2012! Here are some tax-planning points to consider:
- Home mortgage interest and property taxes are deductible. Home mortgage interest includes interest on any home loan of up to $1 million to acquire or improve your home or a second home, as well as interest on a home equity loan up to $100,000.
- Participate in a retirement plan offered by your employer. Many employers will offer a match to the contributions you make, up to a specific percentage.
- Make an active effort to organize gift tax receipts and verify that you have documentation for any deductions you claim in the next year.
For more interest in tax planning for the 2012 tax year, please visit our services page to see exactly what we can do for you: DHA Services
Or give us a call: 802-878-1963