Many of the tax increases and breaks from the 2013 tax year remain in effect for 2014. The record-high lifetime gift and estate exemption continues to provide an excellent opportunity to move assets and future appreciation out of your estate. Some taxpayers still benefit from lower marginal and capital gain tax rates, which gives higher income taxpayers the opportunity to gift assets to family members in lower tax brackets. CBIZ MHM’s 2014-2015 Individual Tax Planning Guide provides guidance on how to optimize the current Federal tax structure and minimize your tax burden. For more information about you can create or optimize your tax plan, please contact your CBIZ MHM professional.
Download the 2014-2015 CBIZ MHM Individual Tax Planning Guide.