Begin Year-End Tax Planning Now: This year’s tax cut gives many taxpayers an opportunity to put tax dollars back into their pockets now, according to John Battaglia, a director in the Private Client Advisors Practice of Deloitte & Touche.

“Some individuals mistakenly think that the immediate benefits of this year’s tax changes were limited to the advanced payment of the increased child credit or changes in withholding tables,” Battaglia said. “But individuals should review their 2003 tax position now and take appropriate steps to minimize taxes. ... These steps can produce immediate reductions to estimated tax payments.”

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