By Heather Amato, Vice President and Trust Officer with Kanaly Trust
There is no question that December finds many of us fully immersed in the holiday season. Whether it is searching for the perfect gift or finalizing travel plans, spending time with family and friends is our highest priority. However, if we can spare a few minutes between shopping and family photos, there is still time to take advantage of many tax saving strategies.
The transition from 2011 to 2012 lacks the same drama and uncertainty we experienced during the end of 2010. There is no significant tax legislation effective January 1, 2012. However, there are a few notable provisions scheduled to expire at the end of 2011 unless Congress decides to take action.