TAX TIP TUESDAY: Final Hour Tax Moves to Save You Money Next April
With 2018 coming to an end, here are a few last-minute tax moves worth considering:
Make donations to your favorite charities to maximize your itemized deductions before December 31st.
Consider contributions of up to $100,000 from retirement accounts to qualified charities if you are over 70½.
Look to make tax-efficient withdrawals from your retirement accounts if you are over 59½.
Take advantage of the annual $15,000 gift-giving limit.
Avoid a rocky tax-filing experience by reviewing your current situation and maximizing your tax savings. Call our office today to request a tax projection to prepare you for next April.