2023 Year-End Tax Letter for Individuals

With rising interest rates, inflation and continuing market volatility, tax planning is as essential as ever for taxpayers looking to manage cash flow while paying the least amount of taxes possible over time. As we approach year end, now is the time for individuals, business owners and family offices to review their 2023 and 2024 tax situations and identify opportunities for reducing, deferring or accelerating their tax obligations. 

To help with planning, we have prepared a 2023 Year-End Tax Planning letter for Individuals. In this letter, you'll find information on:


  • 2023 Federal Income Tax Rate Brackets
  • 2024 Federal Income Tax Rate Brackets
  • Timing of Income and Deductions 
  • Long-Term Capital Gains 
  • Net Investment Income Tax 
  • Social Security Tax
  • Long-Term Insurance and Services
  • Retirement Plan Contributions
  • Foreign Earned Income Exclusion
  • Alternative Minimum Tax
  • Kiddie Tax
  • Limitations of Deductions of State and Local Taxes (SALT Limitation) 
  • Charitable Contributions
  • Estate & Gift Taxes
  • Net Operating Losses and Excess Business Loss Limitation 

Click here to download the 2023 Year-end Tax Planning Letter for Individuals


Meeting with your trusted Tax Advisor is key to ensure that you're on the right track and headed into another successful year.  Your advisor can guide you through changes and can help explain what they mean for you. 

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