Now that tax season is over, many of us would prefer to make tax planning a distant memory. However, now is the best time to start planning for the next filing season.
To get you started, we compiled updated figures and tax brackets into the two charts below. These charts are reflective of the IRS’ inflation adjustments for the 2017 tax year. Therefore, you’ll use these figures to plan for your 2017 taxes that will be filed in 2018.
Although there haven’t been major adjustments thus far, it is important to note that the new presidential administration is pushing for significant changes to the tax code. For more information on these changes, click here and/or contact us.
Note: If you’d like to make the charts larger, right click and select "open image in new tab."
This information is prepared with the understanding that CBIZ is not rendering legal, accounting or other professional advice. Contact a tax professional prior to taking any action based upon this information. CBIZ assumes no obligation to inform you of any changes in tax laws or other factors that could affect the information contained herein.