Good: Don’t sweat over this year’s changes.
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The biggest shift in the tax code will come in next year’s returns. “Use this year’s filing to hit the reset button,” says Douglas Rothermich, vice president of Wealth Planning Strategies for TIAA-CREF. Start planning and budgeting for 2013 when, for example, itemized deductions are phased out for upper-middle and higher-income earners.
