Taxes

When it comes to minimizing taxes, it is good to leave no stone unturned. Here are five questions to ask yourself as we come to the end of 2018. As you think through these, you should consult with your own tax professional or financial advisor to see how they apply to your particular situation.

It’s time for the annual year-end tax scramble—the time when people like you and I try to figure out how to wrangle a few extra bucks out of our anticipated tax bills. After last year’s tax reform, this year’s scramble is probably going to be a little more limited. However, here are a few end-of-year tax saving ideas you should look at.

When congressional leaders first started pushing the 2017 Tax Cuts and Jobs Act, they heralded it as a major step forward in tax simplification. While much about the new tax code is simpler, it still pays to do some careful tax planning. In particular, pay attention to income thresholds and how they will affect your tax rates.