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JGTRRA

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Sunsetting of Bush-Era Tax Cuts

Sunset-Provision-Bush-Tax-Cuts

More election year uncertainty: 2012 began with the fate of the “Bush-era tax cuts” unsettled, and no resolution appears in sight. Rather than just waiting for Congress to act, you should consider implementing certain protective tax strategies now. To maximize benefits, advance planning that considers a number of “what ifs” should be undertaken soon. With budget pressures looming, the likelihood that EGTRRA< and JGTRRA expiring provisions will be rolled over for one or two more years into 2013 and 2014 is highly unlikely. Therefore, a strategy that accelerates into 2012 whatever tax benefits are currently available deserves careful consideration.

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