SEI Private Wealth Tax Planning Guide

June 4, 2018

Considerations for your 2018 tax planning.

2017 brought consumers across every wealth level the most significant tax reform since 1986.

It’s important to note that these law changes will require interpretation by the U.S. Department of the Treasury and Internal Revenue Service. Clarity on impact and adoption is still pending. Our tax guide summarizes notable considerations and informational points, broken down by tax areas, and includes some education relevant to higher-income taxpayers.

At a high level, whether looking at individual or business taxes, the most basic principles of year-end tax savings are deferring income into the subsequent year and/or accelerating deductible expenses into the current year.

There are also practical planning exercises, such as engaging in cash management techniques (i.e., lending/borrowing), making typical annual gifts, completing charitable plans, integrating life insurance, reviewing current trusts or considering new trusts to your benefit. 

As always, we advise that your first step should be to contact your tax accountant and request a tax projection, which can highlight areas where you may be able to reduce your tax exposure. Your tax accountant can identify techniques that may provide tax savings in 2018 and beyond.

Download the 2018 Tax Planning Guide


Legal Note

SEI Private Wealth Management is an umbrella name for various life and wealth services provided through SEI Investments Management Corporation, a registered investment advisor.

Neither SEI nor its affiliates provides tax advice or other legal or regulatory advice. Please note that (i) any discussion of U.S. tax matters outlined in this communication cannot be used by you or any other person for the purpose of avoiding tax penalties; (ii) this communication was written to support the promotion or marketing of the matters addressed herein; and (iii) you should seek advice based on your circumstances from an independent tax advisor.

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