In the future, will taxes go up or down? I don’t have a crystal ball, but I do know that tax rates are as low as they have ever been and the government is running a huge deficit – I don’t think that we will have any lower taxes than we have now. What can’t go down must come up. If you would like to do some future tax planning based on your particilar situation, you can email me at bstonercpa@sbcglobal.net and set up an appointment. I give a free initial consultation for new clients and we can see where you are from tax standpoint. I will also review previous returns to see if we can get you any money back from the last few years.