yD.?eK!LH L 9Cmdkr'Us^~3nT7yHz&uJN<(8uA!}1~-m%UuT{e?,#zI/WkwAQ^EYJPQxa%' JJ?AQ2kZ}[WaV_Ixo` 2`|J o58VwYDD%QSIqsCiy{҃qmo~}nWN\x28FeUN6Lªm"v+~SdM 'EZ~]?wW(fԱ?:_]>|\ Jf 揧?Oೋm86ci*|swSݎIz῿oRq~6c]LN+v[Dv{}58zzj8FDn݀u3~{Ԋts3Dwiy2'Dsk*I3arMoO/?oO~/go/k8~͛7'bſ7oͳ?o{߯eۋ_?6f۠_$pseM5 Ĥų040^mud>t~m{}2ꏧ1c{|?{9f?~SRO"m/OófZmƽ5eGI5*%?BdTׯ@?d .-A/")&իhzG l *`$ߎf}*Cz񩙼QSm26z f8A_m焍0~_~~ |i>l:>4?/w~x=v`wך XFFlI'w] -ҏ8amnᦑn}fތ1ϵ|6Nnݍnn^_oGŪI6,^{z3~S7#"y/߾2}7Y~x} 7& aWHXoɆBS﯏/~T(}n;p ד1nE܃i0MEh[n-ZwmO^%v?)kzѳyr79l.4V< *+q]W˛'ՎM_xo}u{W_Р'4y/+QQNiZ"wC=~{={-ݷw7W{;>sog77|_~+]ptիQ,@.ˡـF~t`)wJ) -6\wN\|8NʝTLA~Y]0[""8 }7fF* _7 >nB V ķL;p%mF|+ >VOO[xߨgwz 0pdn X*f5pG @_5-e!gZ+_(%SP ,ӿ~c4tQ4oϻZ* 04Ov ཱྀٕnpVLg7|ɣo :gñI/nvg8[ q|Adzjw|pB_@QῪ{lR8bHon dQޛW|to>UGjI𴙀s0?USWeW@^ڡP7o^:.W훯^:?'~Dσ~>}ܿO?N^߾G70x0(?0u.Ip) H7ž@n&}VZM6m(`w-P'7j><_# ɱ7D]@bEhݗo~eXOwĿtlCܖ|V7?{H+ywKۯps֟x>)H ug]积%j I=XOhwŞ-$-)*!uh5lx-?Ю@f;5_N^am,&kp'-1Opǐ""oetzA)ē TԐts+t dtˊ(yє/u%Yʎz=` p3-"辨$7'q%Wo >. no ~t3[Lc3pAB*n718Um wi "ܜ >_CZ9$|WWpDBnٙ&2`+t4:IZ 2mߑmnԝf! ۯl_W7YR<ui? %Dv[f RA|mj0TH/z0kÈf7HnnnE;Na8"*xPz{E혹̯kTyMr~燤o7U|wMtUJ:)`ϊtr;?&̏.ՏO)~j@V`cIiO!b/&xX,^??||x~䚛_sh+W}_+g?-9QGaYY3n?59)ǔ&-:m5 zd<]9]tSkV! ћ\E?1v(AB&ƈ8Ƈ@_衽}fM8|V4ld+} <_0݅FQ MwJnrfhow8'oz 6`Wo?Ɵߚo0cl~WA˿_doOxQ >|X/'Puw+ ? nWѹYITm#o&焨GL $ؠsK { E;D)o1`2;jvx-O,zh*%}/3)l> JXLyɋdcZ( !r(hB`ldZ^\l}AO#m,jj%9)Iuѱ" 1oQI Y𫷌:> Wa;?}nm]?tHq9FP(b,qj}x?h"o?~#?y?il~U8l3n M b??;~?߯?^^)O P5?O]>^S;Àoz?? 1-a4s \ >/\g8_dpK/?~ JIpV߁p6p.\u8/??g!Y`/竬Ls!eU8؜ض|>˳r2.OUqo d3|8E1AzY );PYx:̌0*2Gſ,ȿ|#'v4!WoR0ܭ**swGO}U5fres9ouQɗJ;%}pK^9 4vOw:CPnVd\,J[ +,[ߴ3 ^ߴ?73lc]*E+ I#?XIө$ej>Q7)tw[E75[1e2!p`D^urg䎧d|X5U1`5XHRr)뇛&4$"ȁ{~:UVpcY.߼y\a󗎛e0v3.$dif]K?YH3o+UaŒWdyD0~I뙳b ˎpYZ-Jz`s䅓Y`"pN枣(ɥA$!ిvr[6k-ڙiV& :v [mչjəcc&o7}v_K/_ki2K^ʈhaMz:uYQ8Vr<׹9wJ <4 yلƚ.T\ [#)~-=죪}7K[^` vkc̔On ۞l'o2{=NeN[;pJ9s { 6BP2)(˫*3\ɊnدAX\ST%;SgaQ^N& y]1\]l0glwX'~[ʞRڃ _ڼO0<5xU#Tl2I@&RqoXD߽d#fh% #{Mǝ}Nal*{T{%^t>FCP;8z8_eOmXI(toAdc=)2 +^Ge i8Y5hQ\7/A F iSx;{ d$ ;>Q?%@C ;GM 1oA2؟Jԙc/WNjovHd=A.v.+<==zp ܶ0Фi91ipq6 @(MN2/rb&Js)*$I^Xy LU܏c2WGշ xѥ;ث^3 |T[͒\N_E'P&ؚ 6iKܺEÍ?7MedﴅXK6ʗ 'l$`EnE_dU~H/` 7fQe@"r'V+@ G'xa;<[q0[e nnKdf6@G|)uV4@ԣwkZrf@k`H~ ]VYCѣGxq(.XNÕxZeARIH:sN@XڃSϏsշiGx Tiu~(+ݡH =.Oj+oSDJdHɰ8FAE?5~~VrJxG l+ Ӂ_/-MR -,0v} $Uy J#òvJsZ/2Z$;expGHl)zіueefWp_2=ǡ٫NTv@cvT^NկaЙئ~K- S`t8n5P}}lnfYAgl*tePzw \9i2Pxs %@> PgelH<(8RAA}sԔ(4;ā.X nC4Zb}GU3ev @]dm_O+oۛ}i? i9ډuО g  ֌[)<uy&8ݭXAI7qGa"`1-6y]: vKsipUo8ho`g #Tz]Fpvhoer~I 9eTz0{S<*=`aJ˜GӳxMfkAiRRL{XGW-yJrFH=M|ߖY$Mu!jRӝY:%U}vaZة|JY-'WFv j"瞗 ض _÷ɩ=XcS.0ofgx !Ͱ&8#NXѽD,P,g z{\l_ V`ۢ .'_ Oޡ[&WzJK7zy^0p-U>C R7# n{03!?g`/bӑ:JXesfi4 ަiP F:ȟF&+%𵜷< Uj*RկVA4( QÔxǦatlWeN̰Tc"C#7,'q[e Q'u1ӈ ->HocP<ʟBݲ*qrJJ`醧w.:Dj a^"]Keͪ,v FaWͅ#`9[3y+K'ؘI!47VTzvE 6 7 RBAv4y~f@>r"Gـqv_?QNҋh21@G"`lG$u[3Xe<}/]PR8~&ղ+lq B:yY *}hS@b=/U!H '&JpXL[(t& yL~'EyqhD;;3pinU⫇qm.erUEمG=3Tg1 B*.2wqU(^G$,tu9 ?O+oi@NMnn+kWtD+tI7q ۀOx4>lg63-rg95e//Nt9pH$3S\U(Ů7? کBd`*CuS.(gEPwa;G aZGZm qs9+c]q4 "Fčè>B_U`E v-|kw2CժpS~.% Vc4,eigM)!h}]ӎҐi=R%td}X*H}O(xm-U: fшMܺt :j]*ŐtYs9݋ dr&wY ^if]Б XdF4 ?_y6OmFM\_y< P=A =)M' 1á0YMlC[銱} tyH}┺x8p|o\c]/qĜ9NͩDTL)V&ȗ\P[id,@Hʋʰm.n{:5֭V w :\O;36`u7 !SBaN'SpݪDd| $509 8_~T{+K{/F 5:-8F9dqP5ض̡H!`zCA7De)dՅ2ڢ_AlA^tY ͓z}ԔaYP~CFS_mO* x֩26%X|tg ݘu#uwr11#@Հ>j#^UHF/dPr䒠AD 1ohqz3iE7K,@̰[}RKP tFiY* R$-$3cpTC&8wCX%*t~15ϙRz3֢K:уvK*whUPt3O/2Y.۩a"&:k9۝.~!^b#bhv/0RRTA}9$6 Ԉ(}q`lp(㇒R dp<nGlTKt|kE)w0pPFT QZ0^JقDQI2>)Q[5a n<Dx%3׉Ust߂)&^>?h~#u4By~ښ^BlwfӬ7=?oۺ5VՋ`V ʼn9 _Hև2ڱleۭ$nCYҵLE酦GôrĻih vaxM6q[W߭s=e.}|_gKǧv,]owZV$5r0 Iv:_ JQN//TV`̗c([U5yVr jE nHFWQZBukjH9VtL ?LAFWG(vb)"`5`x ȑBn[AZ;#oNn:ֶX&VuciWMTvZ=tУ[6Jg0:ؙNZ f%N$Tz'7^+FYF>3̃ecorݍzo>jDά/!<Ö$S7}Y7-SZQ&Ĭ 2) #!`7 Œ]xa;8b]Ku&.| _=?z: JnsF[xlBm.BkƛBQf ?K|Fٳ5IPϘ-|RY_?QPxifZ%WU[cL^.[op8 ^#s3A J4ø D2- KB]OLmq{,gn0y@N іV.N,>Mlm8&"Sϡ N mm+|fR٘,9Q&18$,kPUW]g̷I#&+|rĴš"utgg;@|sƐ72p`JLJx**\A9%(ߒ_*83|gB{@&7IrlܸXQeR⠱ 2[eъpXیh]qvJ뙬' ҂Ό>=#H|θn|mDbg|ˈ@d)[y)Ge5eMXJ| ӻ\іɥe*K2ohC)eBɥBɿ-@#(u\쬂V$d'_z rmVĶH.$&T8׎Sm0d7EORea0tAn{B#U29<fgl didEB ?@G)ьGi!'\c6 HG ġ@.M8CBC%5˂(R_Xڮy&; Cue~`llKŨPmQgm0t9/Ӎ<\?Vyg]0|;cR(AҰRN/CB#y'f0J?e~bWgLjN{g;s,q=JgwOhIl;f.Lۆ(: W_/(:qSSw@$р\n6Xhux,^+ݵNH)YYM YEVQAQijLHS.<'&h{(N<Y#*Terďf9^ {T7k+ ySu3r&N.%p euܗ_ց9 6Xe;7ftVl=1Κ`Z$Pzn>r/x ̹*}'nm ̓! "8vq^gYGy&p Z*Ų4۽J9" eRM O!WPВVƑ$h~|&Dy#ML:N0^+/*:J8:[Ï} Զ9t >68w8. W3E]E.4) hakmMQ% 1q9@ 0 P2go,)\5[( [L}Ԧ C/`Ϛ`qQ_˰PA`v)B{9q\owY7H.ά=D3|p2Zzg589;ȌQcF ]x ̢ Ki,w?1PMR膀4=8DT,*9`U eӵfWhli3)Gɬq3JV'͍ L+ La[@.fL}'FKޥVcѱ*@6^zJ^g[ bI$0` O$*ejfČ征@6 :}qdoVZ@! ;mB%fͰ {۸P3´dSitR3/؛DFcTfhCHEc-kISa]M 7˭53IpR2܌QZ²6yr5Ќ#T N-݅/C"YME'&a7A?lhbL%p([$RVg8hٮtF'*&y0r_˺ݡDI||PRb2jNw:#Y8!_M e;Xo w 3k w[krƟ |;o'.Y)-1ɢ*aq Zo2>'0KY˞y2F$}bk s^G:VYѮhe h-ZֆZ"- &;_ȗ0kmIukВ2$99 KDD9aȹupѵYe×+īsDtRWoB ?9@iq㎂p oa6A- &6>e.DRY~x^2Plm`P<*Ugַ7[{_<K%ޜzŸ2=mBRkh1Í78tPZ]gE`?:^0'ގ,!v=\g)PSBǼEs-R:nLMG"'m}0NU/$CDx ckyKjcQ;f^-bVUƲ!l1VπɇZp;beJB-ۜfEÅ XvtDZ[(vlJueljjJ!ѰNVRlhbzJk9'C `qgl$] +zoTӎv}'h.Unx?&*ڔQN>{k btkvx(X5K eAdPJQ ܄y'BK6|;km.0&~ 83G; F[D[mPq?3Fбj9شI+N{תVz:\Z6+LAG,8o~㚋P'M]r~Zi ~&BaAG]kbgtxͽG'y4Kdaa43;51MbDILvT.e::,IPVmkyQiiIiD?~^3l0.2 CmbFq6-J)3P.OwoD6;-9n㎖A8(< #C%wޱaD>Lhd{MІG1ݟ6: *A1sH؝![5J4䀦&1DQ4*%7"&;&za`QCۣK0U3c{Zw8 Q6?"dw꽤Àljw᠘~U(rs& N,bl%_׶GV1au-6\/|#9}R1]G"yD{_g4C){6֊^m{1S u>7 'zYG=e/FDHヵ+qG{ \*x榸b #Bݚ"wF#CW5yP_xYMلQIQWvnPkB#CS4@'c$?: ɶHF* ܌K~Գfiy Џȭk4LT.m <oxvQ,OZGf@-8#]j`M"яq >t >UUBۊ=@іNfN8DPݲ`"Knm6("̓D6KMm[E: ؐ8kpf% ϰ Ĵ+IɽfM-6"9cwyM;mfԬxm,gr(ul8% fj~8^M(n|?m.{ ) _kxYz ն*?:[aLJ#k?BT8f28Dy39;vJnC)y}rJ3ŷz]A;vlB,wf1ӡX.,fc- AN|RZ (M$(*:`K9j/Gi( >8`@Ѡ֊mݰ6l}:ZǠJ!{hanV^p" j%/fSQB<Y 4a?Ui)*dGOX*VBHiyK[秴IaYHi<ӹ ;л]p4[_g<^kEidʉaLMD6];%g"Mdix_).j-sȗ6LqBj9!K>۬8/ly r/S.|9t[g2qLn2_.I] q=ԎQEPqY7C Cks"(v[ ;YtO|{eҁPKX_>/3rij-?rVZ]+Bŕ>\EPˑHOf8 "cBő :O3PX*= Bi_H^ !Y6tM+}@CLIRӦS hxИ?d~T'W4y=G^iyu3Jd9:u[a*ڊ\totr4R>iR%X[n2a]e}~8釴ɭLL)yOX[ kSo*qҢE;;\6' ÷l: yR?1@UJCهaK!f'b~[VpOC’~:!f$gM,~W3pᢴvT_sn=vmd@3"v 3 m/\{[oCph [01,Xi7A=DZjަ*?dâ1f:ǧk\/ʪHe x{0Et'Eǫܳ7j3:=.6MI~9+[2a P>[R $`PWhsm7KcQ6 ڧjSԧU&L 6юd{&ab\v@x".A@i]>@mBX2gT9Fl?+ ,n6pղSa 6 jp]Ugt vQR{oW任EϥgS!;wO0A:[ :q5栭vԘKYhvq!r_wbe'܋:EalaIɯƈ]yS#rI&qHBծtVVp*ﻮjtc:F攦~1|Ik.YFH)|x"Eϊ(()k l4JÙޘ-cUj0 Y0L uQ g`.eCڈ$7^6"VkM/ .윷L9օ|}BEg**'XiA\ٰXOim\Ų=Y,>ۀ:Rb;BV(Gq@9w3jY~ r@C=GѭTS>yn몄o23_SLJ.|ӾG*S,C!ul֨h|ޅ~腮%ڂ:HvNW+/XVutr53t7V~+m EBoԝ 7akP~vn ea]_^ OWmO5C9'yI8͵؀8u&@G(YV96emғ1󪞰EZ}9ߣ&QEN۸/a(uP9йs&_~i6g (!T E 1UDim"fpse3mVk]h©U0χ}kl3[ۓB Mg)~;a2*VlukMy\r=icl_t.V*6'´?5<,^89)_#',e7tE,!ljE 9C(ehe`[^h9;0c@ᄍef,}-FPzJ}gt\Hn3R}l_NR`כy5y{$!:R֊id{ U&%Xoejdέ qzu(z얖N×"풄6]Zzb^ spojq!/7kz|T6v[Zk9xSL:4_@MB[*6)ޅFsZτ8"skD'G-KEUM<d64"ꁓՈYTC;sNͰ|(ɪcf/χuɈ6W8F Ag"DAG/@gTߞDVA3r: <p]ZLjk b[ѥ8dpf= !%GlU,tmRxOdl/JKJpL$Tw&%QP8O=h:9D#!F7%^I/b[Xd5؁.džHJՃ%Y0$IFjy8<&GH&QD]K5])g'(/RERdoe̩xTi [NOxUύ(+tN?QhW6Nva+/KvT& Ôug%Ldkb( c>,Y`ܬU^;7sLplч3q)D:E<6Eydh^y=vÄ az]a(|ujJZ3CDB5~k8|ᨨȍmZ]%N LE4Y7ϡOs($i2C6 |29Pf@W ۺL/ ڀ ,+/,Oâ'dc 9<*B=2:FZ 1Մn*vj,LKQ_G\3"4Z(}R55w84<>"|A,LH6KC!b\M Kn\w&ayhՄl(ٹ{6#V qCo8 9C(6[͹E %zn~<jȜ)x-x}P**a8LrT-"#zidž}=cvk4~Etg&1 ٬T r0AGD,0{Ik<F]KjF: `e1 ԰@iaQ5PcպlV(n%z~־uZF 63ZΦõ)b0u`r {tV3PIy#O[9w0Uܔj\oWA{[*HKМuJ(=<&y90.";bly%L-?&9 2\7:fDnؿ{ al\2^͋- T=y + F>`uhxA17!zKHa8f+ۉERa5!ebsHh?A"P'4 %B=DIc ځ+ 7Ip=-ɓIv<8E5PIL* PRht.UFg<5'Xij,U_ب#,Zc*Oͣ’Hy~4|y2A T?֫}Ѹ޴<>@+в"Cqbx ozҀ8Dk&@0J:#Bi^^/˅۟XH,ǭ\p-R`ꜫҚgg)l{ S cwIn=tע'bR070Xރen1z Ջqf.Q9 !_lc7dRhr LJlt`UMdkHL-نQĖƭr )^OG-c|ڄ uPb#3>۷a4`en di-`u%yFؚTwVsƏk3Z{9paOY+c'/qb֋'_o22[,i}g;i :^i]'NiAӟ 66b' JugKĝP| Q.L>cAXUW*J͊"xE_i23+MhXxIҼT–VAZi?j 43J!d@tCub\eWg̫4AkζrkoTT@s,(c'u c}b\q/%v:t PxK]eBZ2רauKѯ==րy#HsC4gJ~EMq@R"Elc 2sBLER31^;,q6"kv,uf+4(Xoii\n-ba@&vp._G>AUQ$Y숞%EWCJؚ[`qOCh*k8X.܆r.l| EFè@ q_A3N"ƄF?ϑb`k) 0Ei,3v.Ar[6k-ڙiV& R3a @# en(aUN|'J@eGL|$A8".P?(a l\Ba;D|݅-CE8g $dif]|²}q鰔v i廳]Q^(תɢԅkTKvXj/*KX2z܆'RF\1emȑ/2`yopc@'PZ°qJi~ \ܲ+@G1l؂=v#3qomS $ :&A\tdr F4 /A?&~ֵ׵g'D<I4c6tIiJ caXΙy=Rj ,;nl♳:n*JR^w؀ceRQ:v FUݎ-(dw%Dj9Aa輙H *$rAPg8ʀSXw]]#oLH8,;ahM;]AtBs&%smᅐI2̹D Wn]vA˺k}HCʥ4MM6.fFK>cFʥ̰9]OסmK6$ ˗΀nb7ccffnZp\Ȼv^!L5Y~uPz3Y {@N2!ءV; Œk(G^8+7`;qkCy Bl-g۵)v3!UADRa^K?)QOF_.akPzGh9aH,9.ԪtA͂.1>XI}mFaEQ %j[_yI2.T gh/M~չ߭|i0;S=3^|]Q ڋ rC>܆5T\ w61ljTIQ-c:u4/UVZM//e߭ nÝJtQw*MbWv?k||+f\kx %.pYz_NR Mv`㽌7 x[dH?{9qT!KY؁۞%mD#NS䁇є"3D<%p;~E1P#gl\͔cdaE&z 'X7I89ޮ8=rP`"ֱR$v.?%h齰t*Fc>hIY.lmgl[_>QyO,(M$FuBRGθ?NtEc4sTp^iԄ([-~ xHlAiA6hư~1%GbSa ^:}|u^ʖ9jAtn̪JvԩgJ܍yD,)UT(?`jmA$@9F/"?rSkmSt밌& B:T E_˥+ۚaq T:xKt`:/[9r[JwƅqL>aƑ QUWTL4LUg:Qs_pcgdl8Kc p-+*TլNY6Ukoѻ"6,4(,rZ&VO[WV&6#ø,c'\+ > & =T]<qk*8I 3^ :&eTaCKdnX|ۯ5tx}vH .1|  t$≯y8\{@Bc'J޲zħ+H)G>qyW4 : D~*8gm8gJQj~ܙڤzãG^0@' .@|睛̻jaMc+c3 qm<$ . (XȏuPYL}4rKqzBY\+yjڽj tCeOH[ RvfJ=- }E}&R.jd'v)b98jigfF?sH^l+g` a,KZCDjĺ;WNF[B_HPvxF<[ ٙZݬTbzt(*}6ދૄl3tAK[6y1qua> ~#=@rCO :~~#G#Λq,sg2ګlM?BZӱ7d&J>HJ*@'4kՆ¥[:sƎkڛ$[}<-]MƓFAZ(M|IxPTWրl |Z=p h`|fxbP c;6!]dAeZ(AZS.3,ʑa{4:KXu M)P )锦׾ym݀ g?:-!O[pꁣ.j$-ҹxkaj=RICY".Ӫlhej1h˴VSfv{7J7Kiu\BR%FcOKgi:e;#l €Z2CcE\Z(T=)Ugl nׅҹz_tg1|Ϗܫ2b-K:w1gS:6w.=D> <JST[-z%Lfi`Ao(0'*LuLP7uҀ 2q6,=4ez`+Npܤ Nd*2 `+oʚ 3/ б9A|-s46(``F󱿳wyӪF1qR6;5Q*{ȘdaxLJkb&p29پyel}@K|ǂgBqkTŽO>mk<*KpH]3b[)LՅ&mvHQQb[|OOq>c`XE}Z+q]W6J>sg_iG&Y+6`SPƞ `?| JCmJq|?S$E;Yn| b'΅i!i"nAJňZS:`(qYpދm@ K(9EyCN+A|)FE[e[ڦO<CbYs^ L m=.&lʶA"ԵRj@`QUe>c${BVveZ'F=O ݶ5DƇ522n^Ae+*kG|4P콱d(2P]el"{ъC]bgauf5*Xn*CxUao-߼y}O;6R> sPs ~E%=|?l/ԙ8BGh<Nθ7$2a'ʔƂ ɯ%%UcB> qܗ:i&`C$|ZA7qv5I׾{Z'&ǎMS57o0OLU[K Eܝc*z8 xf9cA#Zh6 87 e@1' (MVzf[<71[ya:[4`,g5{Va2E'^:3,Mk&\J2WjX`I&X*aN k6LO̷y[k"p!5Pb(HmmAi 9+4w[V= ,7!lZmPWn{Xؼǧ j̃@N- pY͓*;SE?D+x KNƙ/7t}Ù-׹>+|6ka?a_fFHmvd_IXNTL/m0_64Pd>xWVIY=l\TڶYodi S9>F9;)*[Yغ)KR`3D !H\$LO.EzP8iԾ 袍>wq\LI {bdAX,(~CuAg]4%_+֔Fd3g.]z/TAsnҺb*vzY&5h6vsr !Oᰄ6CA2"n+UCiWO??C@ɀd5Mkō_.(E^eIl+]a TH -vt]6=?9HV B"L"2ⰫS [gqDiTR.6@<љaiO}0/#R0'xBO_X3\mLE%q3ek9 j%4jmy9$/pb>KWb}(iĚŁ`na*v_:*;^ ElJPM<ppuwʦP;(fSMUѺbo.7=8meuwPR=R"pQprxz6oĶދrGFվ>i&L+aUWv!(a[(yIMÞ֌I%筄H |A (5E@A,U_9܋/ LnP9\GY,Tٞʎ'T\0MR sTVyѮ@(1&NWm@6[ِup.ZXpڶ̝'enT31_~XH1A$^\׸sc;Q,G>t:xqu1 jG#43 iGs!Wv%m&Y3aNc!P\_҅LCT=H:$ou 0y.:ɧ@y+]{_VCZ0)ީ+{1дy|+IKvR;r`kQ?ih[^7BhүM h^q )'>8UȜM=ob$O"W%NT^@㣪WaXInjЇp叛@Sv'ku!=uT(BBװ:-E'fWziZ϶A}1klmzwM# >gWHAI.@SmhZJO=hy J}ChV&1 ˰V։\ 6}#}x_^/޽8ꌠxˮ)>MFy[S%TEuJ׵S$})|1З=4rZg ^UԵ #k5 ݓաᠳumVT_2= c籠F2p76i[,68శw]h43Ĵ_@2 PnA˫o(h_Cwg먫A,b#_9 2e- &N[YK+=(vC\N-aSSa0I/: B+o(i^]dxFq VL& ٌl;^t`A08??3/@ %>rP%#V/>m OC\**`kM󍪅28종nZ|xVZ<\p_?Q9"`G/0Ev" iMqݬ2Ŷ.c㝱^jT4ɶPlSX ^]i_ṋ+uhG\_[Y!8Z| s8ǞV-/,hPG֓ UgIxuu_0P񰫞~=l#ICO4~IB#^UbƉFM8{[6\%qܝ*\-p3E$h $GpBnIEZHN"2"{?q {vi3E{M^7@\{@Gx7v._虷tr=!@ֈ)>+֑zJHg mpUoFhy f)`vcj($Sb8ܪ!* u ̏Ӎm}ߛŮh^O[nnyc` >ZeZ}OѶ5; Q 7:[?%v*~Ni6,I?x)dH 3D2ZA")[$"qg\> 'I]=ccl:tE<#7M{B54!R6㐁N3Ʃn.yR0KZ 3햇)R~R.A-{wbhR6c5 [S~'arX6û[%p.BsH <] gfc?gw*1NzjTR٩Jrn&+ءs?r@bYҢnr&kͽp>?\.xX*eN*26~\rXaDw}GrmU2i0PdrsQTU>_{[:WEW W`Llm=uyM8(dy<TbHa mu)QYsmj=wA -wGHJˑ[9 I}a1hYT׆OVE\ AN0{&'\ RrHuHC@y[My{x1}C22ܷi&AB!-A)9E@Ii7 Z#k/8-صjo1.A\wH@Q˭7ogY|$ 7T.@Oxj6sP7;+nN.#-Pퟨ%E|.֯FT/8L, !v` ENxf|pc* γ!_XB7&[9|kX#wiѰݽp^$]* (>7Pm8JP= ߟ5S!2l50}mu!XM\KO_>^`Vyکii ԧ؊ٳc`4!m yIO󿤄v`uR3kzfu0V!_E8n sxa_E P[08vjXvӖ[XBa9" 4i z6z%L|iyA&)wnFZdqAfjG/Ju\44 eD m\v8ZU:m\Jg-sP+)T:{{b0f Et2RtNyIg/$ߜq$QLCBTnTT 8hE/{4gK'AV*7{8+B;Up½J6J"ueʴ+T&AɁoC+ѻZGWeA@r֋tJp0`qEh$賛\ t##0D(o @J mP N5f4eF" fhD-uz%I Mh )OO/*N|= X?'V]xC Q9 Re)NO~6XaFBH4W؍^KoZ3m el*Of9;rՈ5WEDIugqEV["1ftV`bPY֪nJ!%T>TTΗ0]P{u^ "–)H|}nJ4iG>ǾeN{p]hGgV}žDJ%ms)P -[\W @|lhkyI2BK\RHTVgIY; {;<```DrV`C 7! Iqd>b\/@ t=2C$;@/,s 9kL&oxjMjs\!&D]K5]¸0>tOlpۈ m99`$#!}#`vVDAI1*„o@"&7ǩx5BY 8Â0)҂  U1wpeo;J$1EnsZBCKG+`+ Eמ!jBoh,VWnVnX/Wr͡؏Ņt1),Hu nڢhA S:!$X' f폻ܖZvfZ9ag(2fI%qPǥ weЯMvE%|lCkN'J8#sWH4|.#: 'X:hVy[gxAǛSڞy#}߄~8t &7p%g-QpP ߥ:^'&?&Kk=5ro֪B]ͱ~iΎF@։2ow\Y|k~xJ,-'l)-\NVn׃}OQѦ}=>yQK(VV@qPEڷ9I r?K"Pf*QFoN \=.3= J"QIhytElb兺[,sgGys^UnƻSSwz?vcv ?QcCegHW-b0׫w^Ն^16Jfg2.2FDuM+ӶU2\ PbRZRWLi*E' Haz<`P~yWg[luc`p=U>nR Rg]i\'fm]s"e HC DR?%%/wB8FوAE,_X9(^UTB4pGLbK XY AЀ:Е`wy>YoPA4# t wfR%w1h!Ȕ0H #ˉJ&ֈVgF4}90ZO<_R;/6)@kCZ:M-OQ0L L}͗Y@a`(ojEznfu辿0oMlAcrY)uf m_ZHE *@rQWyશ]e0ǬW? `H0g.InOQ3guPrUv|a"=(?g>OȽ#z`}ǎgukJS,3{r6q6=q4kOWFUxe#V达i5͒JgЉ9s9S`+۠۝Ѧ*ԡ B)V=UrYmtI{`ɐ/E'oC#0x'Q!R>l8_r]At`:A`6;>k׍$e[Z"\pyK~.%J`D\öK2UxXWpB?׼KZb_k Z (;j'apyNS쐦ɉ%[ǰl~y8:Բ)r B?Q:we(4*XWҕ2G?jk;^p/mΖ$ONҒOSV" ?w Q*$/|GzűHwM #Dceϊ`'B.Kj?tZֶ0-`ؐ qpeхisylEa枺 ݽޯc;L6^<@#٧p20ltq^PǞ+ ݼ.cOb,xpB֙,ݺ~NB7g3)#xcEbP |݅>G*^zr d ;̀p*+ŐVb2xWRbo }8oƒZFGhL"ۅ a2Qf$rM1܍d`.qzs􌓻*iFTjOjAnv S攞6*vJhdZC|t+e ?iPW%1(^ec+3@2ܙ%ˀj8mP=.Gj؉F('68Uл?h'32x$BfΑՋqX UMbUo ŴjrB8\g-"]'s+NAb!xI;w]FupS.Ypܫ|7LC*H߁F8\U+ 4{ZYZ"np4ߟB_ HwظzMj1k>rN `}:Sү 4W0.47#O&9+椱sjOm\^<*" `Ka8W]W##O:Pe.htǮ'M;r\eW(o{Evwgg> Tlfs\ƩnrD;Z|e.T_6>o~6= (zoijW։pIˀRs8s7N`\Fo:l~;dWq%W%]z{QD7m8m+;0x*$gG{gƪXp5Xv| 2-5m*/{@Pg\ r] x$q=X,?8삗i &P*n C:t W R ٯ&Nnv$!yHfSoɷ 7)L‘seS>1B͗)vtIMy&Au F!UY XTtPTz[-b*Z`l}+ z?sNza͔nXV)s 2D 4^RiDxz]*X:«ۙPYl"6&3$Q,X{ 8>Nׇc'23R7YV57'~XhS3̬#}/oI%)Ʊ?j0*a`{4+F<&WCQ-4VL+h&AA EaN.=oW%PTFҠ2O$Х<sƼt(4O(#-%ۆ*ڱVuHVힶ#B' )wH@qߌg]MXQcWC/M4 }$4Sok_-!3s=w3jָԋe2Bj([( 09!G7Xt/Z%AFh> ;֧2`J%rR?|PKu{Ꮏ2'j+%mKp+g=AC*-UgpF,li2>1vai"U=Ҽ?/<6B grWN1Bi ^ V`j Q]IrC @ kc iB*<]J^lm"-*`ڊLM;G/طؗәlu>ȏ<3`]ۛ~yx?\>ZCW5Kep؈2tTYbq6 ?̀RUu5K23ڜ17!ׇFcק{הтIߣRɬ3X᭡KEimYQQ=O9X3=vp@1ZxRxzRE]QIJ=TGYv-ޅRq<&>~M<{`Ca I`g}ad<BW:)t~{ZAA`ƽϧB=.rlC2f펱д0@uMkg vVʊ:-MU&$se5j zw-hӣ`ΧZq d.bou]A|| Cor)`L=Buk{ےM;-χc$~YmR{9K Nuag JS@0 *BU3u=Z` WO8#qeER:oޝR4?N8/v{lկ"#^liC2cWnHAX2r8>/ uB(>M[8:18﫱a?X"5bdTfI5*9w͗=20_G00PsA DutgjlNX[gXEi UJ:E'&o^7l'Vs1jrUڏLJFޚ}7'*v2kL=m=ZζPfJIlP'ZT@[mF`v%K^ö8 Vllp%0Ŗpojmv`湷Tݘ*?m]Yp7:-_, z,/?sh)֢ʬ' Ao>WBq o恃<W0靂7V훵yN*f Oͻ囷7ou[q[5ڳsZ`I]jvpLX ҄[56kX O `I! V]L->aR%{ H92K&1w(g # )>s_XEM?!t-@#+p=\P ['vDz.@hGE%^8tcU x[5-iOVX R1(%BFx=ʱK{%SCSآF3s!{mCUB Uzݓ79l--C7g§mKAvlrB*70fMWCP"Уv:H>cTK"J}١Èm7٭U6J8`G4 p7 L@l=g[8weB,)bbƶ8׻%xs-Cq.<3GRYά-XjNۮEY|ܸz)TLqdmt1^v69s׫ZNyδ`fNu8=0tp̦wA"fp0]>ҦrW;LaEOvnX/G#` "1Y CckDQ֢HE>Tn1I=ul,>2}Jˈso\Dzqb mCKF5`T,m+YY/1}G~`av1qg]S&h:VpN /eN_,h ?XL/uKw,y-v.S>*vzt ?UR@?J ~_v2Bbp:oT Nm'(=9?Yv|N0{KlJ>C|PnùL E02p0*#c-00Ԓa wd3:rioȾ'DJՕ)O(4L,T.9@i˳#$Q\. 8m RO/c=ԊuTcD&Z&_]ע;^"pի|b|'2gX״}'-s /Bs0ʟDЏ[Evh =S"H#*Q#7{;|y$W93ū \G0=K@ Ԍ<Ͷgh_ȍBboa|]&`@chR"`ʸ'aˉ"uwW(1O3K?; _]i@/C?DKb ~kkWJYh'eǧm[A/ny)H,'^devH׃ktH WY4.+ 2?&vf1%C ]$ Year End Tax Planning Issues | Torbert Financial Services
Toll Free: 1-888-901-3122 334-540-9384
Book Appointments

Year End Tax Planning Issues

Year End Tax Planning Issues

Year-end is rapidly approaching as are the holidays. So before you become distracted with the seasonal celebrations, it may be in your best interest to consider

Article Highlights:

  • Benefits Sunsetting After 2021
  • Benefits Sunsetting After 2022
  • Not Needing to File May Be an Opportunity
  • Maximize Education Tax Credits
  • Employer Health Flexible Spending Accounts
  • Maximize Health Savings Account Contributions
  • Roth IRA Conversions
  • Avoid Required Minimum Distribution (RMD) Penalties
  • Recognizing Capital Losses
  • Take Advantage of the Zero Capital Gains Tax Rate
  • Make Business Purchases
  • Prepay State Income and 2023 Property Taxes
  • Charitable Deductions
  • Qualified Charitable Distributions
  • Pay Outstanding Medical or Dental Bills
  • Remember the Annual Gift Tax Exemption
  • Avoid Underpayment Penalties
  • Disaster Loss Planning
  • Divorced or Separated During the Year

Year-end is rapidly approaching as are the holidays. So before you become distracted with the seasonal celebrations, it may be in your best interest to consider year-end tax moves that can benefit you for both 2022 and 2023.

Having the Congressional members preoccupied with the November mid-term elections has sidelined, at least temporarily, any legislation to extend tax provisions that expired after 2021 and won’t be available for 2022, including: the mortgage insurance premium deduction; increased AGI limit for charitable deductions for those itemizing deductions; the above-the-line charitable deduction for non-itemizers; tax credits for COVID sick and family leave pay for self-employed individuals; the employee retention credit (for employers); the temporary increase in the child tax credit, which reverts to $2,000, the old phase-out levels and the lower age to be a qualifying child; the child and dependent care credit that returns to pre-COVID amounts; and the enhanced earned income tax credit for taxpayers without a qualifying child.

Looking forward to 2023, the temporary allowance of a 100% deduction for business meals at a restaurant ends after 2022 and reverts to 50%; bonus depreciation on business property purchases begins to phase out and will only be 80% in 2023.

Here are last-minute tax issues you might consider:

Not Needing to File May Be an Opportunity – If your income and tax situation is such that you do not need to file for 2022, don’t overlook the opportunity to bring in some additional income, to the extent it will be tax-free. For instance, if you have appreciated stock that you can sell without incurring any tax, consider selling it, or perhaps take a tax-free IRA distribution if you are 59½ or older or if younger and qualify for an exception to the “early withdrawal” penalty.

Maximize Education Tax Credits – If you qualify for either the American Opportunity or Lifetime Learning education credits, check to see how much you will have paid in qualified tuition and related expenses in 2022. If it is not the maximum allowed for computing the credits, you can prepay 2023 tuition if it is for an academic period beginning in the first three months of 2023. That will allow you to increase the credit for 2022. This is especially effective for students just starting college who only have tuition expense for part of the year.

Employer Health Flexible Spending Accounts – If you contributed too little to cover expenses this year, you may wish to increase the amount you set aside for next year. As a reminder, feminine menstrual products and COVID personal protective equipment now qualify. The maximum contribution for 2022 is $2,850. The amount that may be carried to 2023 is $570 and must be used in the first 2½ months of 2023.

Maximize Health Savings Account Contributions – If you become eligible to make health savings account (HSA) contributions late this year, you can make a full year’s worth of deductible HSA contributions even if you were not eligible to make HSA contributions for the entire year. This opportunity applies even if you first become eligible in December. In brief, if you qualify for an HSA, contributions to the account are deductible (within IRS-prescribed limits), earnings on the account are tax-deferred, and distributions are tax-free if made for qualifying medical expenses.

Roth IRA Conversions – If your income is unusually low this year, you may wish to consider converting your traditional IRA into a Roth IRA. The lower income results in a lower tax rate, which provides you an opportunity to convert to a Roth IRA at a lower tax amount. Also, the decline in the stock market may provide an opportunity for some to convert where the stocks in their retirement account have had a significant decline in value.

Avoid Required Minimum Distribution (RMD) Penalties – Once U.S. taxpayers reach the age of 72, they are required to take what is known as a “required minimum distribution” from their qualified retirement plan or IRA every year. If this is the first year that this rule applies to you and you haven’t withdrawn the required amount yet, there’s no need to panic – you don’t have to do so until sometime during the first quarter of next year. Of course, if you wait until 2023 to take your 2022 distribution, you’re going to end up having to take two distributions in one year – one for 2022 and one for 2023.

For those who have fallen into this category before 2022, you only have until December 31st to take the required distribution if you want to avoid penalties.

Recognizing Capital Losses – With our current down market you should review your stock portfolio and consider selling losers to offset capital gains that would otherwise be subject to the 15% or 20% long-term capital gains tax rate. Capital losses can also offset up to$3,000 ($1,500 in the case of a married taxpayer filing a separate return) of ordinary income if capital losses exceed capital gains by at least that amount. Recognizing capital losses to offset capital gains can also reduce the amount of income subject to the net investment income surtax. Be aware of the wash sale rules that don’t allow you to deduct a loss if you repurchase those loser stocks within 30 days before or after the sale date.

Take Advantage of the Zero Capital Gains Rate – There is a zero long-term capital gains rate for those taxpayers whose taxable income is below the 15% capital gains tax threshold. This may allow you to sell some appreciated securities that you have owned for more than a year and pay no or very little tax on the gain. The 2022 15% capital gains tax bracket starts at taxable income of $83,351 for married joint filers, $55,801 for those filing as head of household, and $41,676 for all other filers.

Make Business Purchases – You can reduce taxable income if you make last-minute business purchases such as for office equipment, tools, machinery, and vehicles and write them off using the 100% bonus depreciation or Sec. 179 expensing, provided you place the item(s) into business service by the end of the year. However, you must consider the impact that expensing the items will have on your taxable income and the Sec. 199A 20% pass-through deduction. It may be appropriate to contact this office in advance of any last-minute business acquisition.

You might also make sure you are taking advantage of the de minimis safe harbor rule that allows small businesses to expense rather than capitalize the purchase of tangible property up to $2,500.

Prepay State Income and 2023 Property Taxes – You probably know that if you are not subject to the alternative minimum tax and you itemize your deductions, you are eligible to deduct both your property taxes and state income (or sales) tax up to a maximum of $10,000. But did you know that in some cases, you can increase the amount that you deduct on your 2022 return by prepaying some of the taxes by December 31, 2022? You can ask your employer to boost the amount of your state withholding by a reasonable amount; or, if you are self-employed, pay your 4th-quarter state estimated tax installment in December (due in January) and increase your deduction. The same is true for your real estate taxes: if you pay your first 2023 installment in 2022, you can take it as part of your 2022 deduction. But be mindful of the so-called SALT limit – the maximum deductible amount of state and local taxes of all types is $10,000. So, don’t electively prepay state taxes if you are at or above the $10,000 cap.

Charitable Deductions – Many people who itemize take advantage of the ability to take a deduction for their donations to their favorite charities or house of worship. Did you know that you can choose to pay all or part of your 2023 planned giving in 2022 in order to increase the amount you deduct in 2022? Though this may not be appealing to those who itemize every year, if you alternate between taking the standard deduction one year and itemizing the next, this can give you a big boost.

Charitable contributions are deductible in the year in which you make them. If you charge a donation to a credit card before the end of the year, it will count for 2022. This is true even if you don’t pay the credit card bill until 2023. In addition, a check will count for 2022 if you mail it in 2022. For last minute mailings it may be appropriate to obtain a proof of mailing from the USPS.

Qualified Charitable Distributions – Those who are age 70½ or older are allowed to transfer funds (up to $100,000 annually) from their IRA to qualified charities without the transferred funds being taxable, provided the transfer is made directly by the IRA trustee to a qualified charitable organization other than a private foundation or a donor-advised fund. If you are required to make an IRA distribution (i.e., you are age 72 or older), you may have the distribution sent directly to a qualified charity, and this amount will count toward your RMD for the year.

Although you won’t get a tax deduction for the transferred amount, this qualified charitable distribution (QCD) will be excluded from your income, with the result that you may get the additional benefit of cutting the amount of your Social Security benefits that are taxed. Also, since your adjusted gross income will be lower, tax credits and certain deductions that you claim with phase-outs or limitations based on AGI could also be favorably impacted.

If you plan to make a QCD, be sure to let your IRA trustee or custodian know well in advance of December 31 so that they have time to complete the transfer to the charity. If you have contributed to your traditional IRA since turning 70½, the amount of the QCD that isn’t taxable may be limited, so it is a good idea to check with this office to see how your tax would be impacted.

Pay Outstanding Medical or Dental Bills – Taxpayers who itemize their deductions are able to deduct qualified medical and dental expenses that exceed 7.5% of their adjusted gross income. If you have reached that threshold or are close, then it may make sense for you to pay off any of those types of bills that are still outstanding rather than paying them over time. If you are near or above the limit, it may also make sense to look at what your medical and dental expenses will likely be for the next year and move those that you can into 2022 to increase the deduction. These expenses could include dental work or eyeglasses. An additional important issue: if you are thinking of doing this by paying using a credit card and you’re not going to pay the balance immediately, make sure that you’re not paying more in interest than you’re saving with the increased tax deduction.

Remember the Annual Gift Tax Exemption – Though gifts to individuals are not tax deductible, each year, you are allowed to make gifts to individuals up to an annual maximum amount without incurring any gift tax or gift tax return filing requirement. For tax year 2022, you are able to give $16,000 (up from $15,000 in 2021) each to as many people as you want without having to pay a gift tax. If this is something that you want to do, make sure that you do so by the end of the year, as you are not able to carry the $16,000, or any unused part of it, over into 2023. Such gifts need not be in cash, and the recipient need not be a relative. If you are married, you and your spouse can each give the same person up to $16,000 (for a total of $32,000) and still avoid having to file a gift tax return or pay any gift tax.

Avoid Underpayment Penalties – If you think there’s a chance that the income taxes you’ve paid to date for 2022 are insufficient, it’s a good idea to increase your withholding in the time that’s left to make up for it. Underpaying taxes makes you vulnerable to an underpayment penalty that is assessed quarterly. The good news is that even if you have underpaid for any or all of the first three quarters of the year and will owe taxes when you file your 2022 return, you can make up for it by boosting your year-end withholding, since federal withholding is deemed paid ratably throughout the year. Plus, increased withholding and possible payment of estimated taxes can also reduce the fourth quarter underpayment penalty.

Disaster Loss Planning – 2022 has had some significant declared disasters including Hurricanes Fiona and Ian plus the wildfires in the West. Any losses incurred because of a federally declared disaster can be claimed on the current year’s tax return or, at the election of the taxpayer, on the prior year’s return (2021 for 2022 disasters), generally providing quicker access to a tax refund. However, care must be exercised to ensure a disaster loss is claimed on the return of the year that will provide the greater benefit. In addition, after insurance reimbursement is accounted for, the result may not be as expected and should be determined before making the decision of which year to claim a loss.

Divorced or Separated During the Year – A divorce or separation can have a significant impact on a couple’s tax filings. Filing joint or separate returns, who claims the children, the tax rules related to whether to take the standard deduction or itemize, how income and tax prepayments are allocated, and more are issues to be considered. Best to figure that all out in advance.

Every taxpayer’s situation is unique, and the suggestions offered here may not apply to you. The best way to ensure that you are putting yourself into a tax-advantaged position is to seek advice from an experienced, qualified tax professional. Please contact this office if you need assistance.

BOOK NOW