Will I pay or won’t I pay? That is the question every year at this time. I don’t know about you, but this is always a stressful time of the year for me waiting to see the results of filing taxes.
This is always a good time to consider your options if you want to keep more of your money next year. So, now is the time to think about ways you can reduce Uncle Sam’s share of your income. It’s a good idea to carefully consider your choices and consult an experienced professional when appropriate. Below are a few ideas for you to consider to help you next year at tax time.
- Contribute as much as possible to your retirement account
- Donate to charity
- Defer Income
- Acccelerate deductible expenses
- Flexible spending accounts
- Offset any capital gains
Good luck during this tax year and preparing for saving money for the next tax year!