There are significant differences in tax proposals between the Republican and the Democrat presidential candidates. Please take the time to review these before the election. A simple Google search of “presidential candidate tax comparison” will let you know where the candidates stand and how they differ. Every voter's tax situation is unique, so it's important to be informed and know how this will affect your individual situation.
Disclaimer: The items included in the Tax Tip Tuesday Video Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation. IRS Circular 230 disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advise contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.