Marcum LLP has released its 2022 Year-End Tax Guide, covering a broad range of tax planning strategies and considerations for 2022 and 2023. The 96-page report includes two dozen articles and a compendium of reference tables highlighting tax planning opportunities based on changes in tax law this year.  

“As the world continues to adapt to a new normal, taxpayers are putting more emphasis than ever on planning,” said Joseph Perry, Marcum’s national Tax & Business Services leader. “In recognition that what worked before may not work now, we hope that this year’s Tax Guide will help clients find opportunities that add up to make a big impact. For businesses, the move back to proactive planning parallels the sunsetting of provisions in the Tax Cuts and Jobs Act of 2017 and the passing of new legislation. For individuals, astute planning should keep a close eye on strategies pertaining to personal investments, retirement plan contributions, income and expense recognition, charitable donations, medical expenses, child tax credits, and more.”

“2022 brought new economic uncertainties and challenges, spurred by soaring inflation rates, global conflicts, and political discord. The future direction of tax legislation is uncertain, which means planning must envision alternative strategies tailored to each taxpayer’s particular needs.”