November 10, 2013 – Published in the Press Democrat
As the year winds down, wealthier taxpayers are examining whether they can avoid higher federal tax rates for 2013, while those with more modest incomes are pondering whether they can qualify for subsidies for Obamacare health care premiums next year.
Meanwhile, married same-sex couples are preparing for their first opportunity to file federal tax returns as married people next year. And teachers, retirees and those going through foreclosure are looking at tax breaks that may not be extended beyond 2013.
Fall is a natural time for year-end tax and financial planning. And local accountants and financial planners are encouraging their clients to examine their finances and to make changes now to improve their bottom lines.
“Do nothing is the worst planning you can do,” said Bruce Dzieza, CEO of Willow Creek Wealth Management in Sebastopol.