2013 Tax Planning
By David Britton, Wealth Planner, Fifth Third Private Bank

For some, the tax landscape of 2013 looks much different than the tax landscape of one year ago. At this time last year, we were dealing with the uncertainty of Congressional action before year-end. Congress finally acted and passed the American Taxpayer Relief Act of 2012 on New Year's Day 2013.

The changes in various tax provisions brought about with the 2012 Tax Act make planning for 2013 and future years more complex and challenging. To help you understand how these changes may affect you, Fifth Third Private Bank's wealth planning team created a 2013 Tax Planning guide and video that covers:

  • Income tax rate increase
  • Dividends and capital gains
  • Pease and personal exemption phase-outs
  • New taxes

Please contact us if you'd like to talk more about these new tax changes. Now is also a good time to check in with your tax advisor to understand how these tax changes may affect your specific situation.

Time is running out to make important planning moves before the year's end, so don’t delay!