Recent tax legislation includes a bevy of tax breaks for individuals. However, as you may discover when you're filing your 2018 return, not everyone comes out ahead. Loss of personal exemptions, cutbacks in deductions and the suspension of others mean you may end up paying a lot more tax than you thought you would.
Fortunately, you don't have to use the same tax plan you did in 2018. Instead, consider incorporating these four strategies now to help lower your tax bill next time:
Call to set up a meeting to discuss the best tax strategy for your situation for 2019.
"Tax Tips" are published to provide current tax information, tax-cutting suggestions, and tax reminders. If you would like more information on anything in "Tax Tips," or if you'd like to be on our mailing list to receive other tax information from time to time, please contact our office.
The tax information contained in this site is of a general nature and should not be acted upon in your specific situation without further details and/or professional assistance.
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To better serve our clients and friends, to keep you up-to-date and informed, our blog is a resource for tax tips and overall accounting related articles. We hope you find this useful!