Now is the time to think about how you can spend a little more to reduce what you owe in taxes later. Consider your upcoming needs and expenses, and take steps to decrease what you pay in taxes.
Personal tax credits applied against income tax no longer apply Higher alternative minimum tax exemptions revert back to extraordinarily-low thresholds $250 school teacher expense deduction ends Mortgage insurance premium deduction expires State and local sales tax deductions expire Tuition and related fees deduction end IRA to charity tax-free transfers stop 2% Social Security tax reduction ends
Now is the time to think about how you can spend a little more to reduce what you owe in taxes later. Consider your upcoming needs and expenses, and take steps to decrease what you pay in taxes.
As always, please contact us with any questions or concerns you may have:
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