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Friday, November 13, 2026Nov 13

Uncertainty makes year-end tax plan anyone’s guess

EILEEN AJ CONNELLY

AP Personal Finance Writer

NEW YORK – The lack of action in Congress on the Bush-era tax cuts has turned routine year-end tax advice on its head.

Typically at this time of year, advisors offer up recommendations designed to reduce the taxes you’ll have to pay – or increase your refund – when you file your return.

But the lingering question about whether tax rates will go up in 2011 has made it more difficult to offer sound advice. If tax rates were certain to rise, savvy individuals would want to make different moves than if rates stay where they are.