Income tax planning can help you be better prepared for tax season and make your life a lot easier. Yet predicting taxes is always tough, and given the calls for tax reform in Washington, knowing exactly what your 2017 taxes will be simply isn’t possible. However, based on current tax law and the most popular proposals on the table, you can get a good read on your tax situation for the coming year. For someone on the top end of the income spectrum making $120,000 a year, that’s especially critical.