It is not Dec. 31 yet, so while it’s time to start thinking about the filing process, it’s not too late for some last-minute adjustments. There are plenty of collections of suggestions for year-end strategies; here are just a few.
To start, don’t forget the usual tax-loss harvesting and maximizing contributions to 401(k) plans and other retirement and savings accounts.
And then there are plenty of parts of the TCJA to dig into, like planning around the new standard deduction. Should you want to know more and to use the services of the professional for reduction of your taxes, contact Eileen Guber, CPA at (215) 876-9800.