Here’s our 2013 tax planning newsletter. Major topics include the new 3.8% net investment income (NII) tax, 0.9% Medicare payroll tax and a new 39.6% tax bracket for individuals that all apply for the 2013 tax year. These new taxes and limits are all based on certain income thresholds so timing of reporting of income and deductions amongst years can impact whether these apply in your particular situation. For business owners, note that 50% bonus depreciation expires at the end of 2013 as does the increased 179 expensing limit of $500,000. We will post any significant updates or changes as they come. If you have any questions please call our office at (503) 399-7306.