Donations to qualified charities are generally fully deductible, and they may be the easiest deductible expense to time to your tax advantage. After all, you control exactly when
A tried-and-true estate planning strategy is to make tax-free gifts to loved ones while you’re still alive, because it reduces potential estate tax at death. There are several
Whether you didn’t save as much for retirement as you would have wished earlier in your career or you’d like to make the most of tax-advantaged savings opportunities,
You may be aware of the rule that allows businesses to deduct bonuses employees have earned during a tax year if the bonuses are paid within 2½ months
In order to take advantage of two important depreciation tax breaks for business assets, you must place the assets in service by the end of the tax year.
The last month of the year offers accrual-basis taxpayers an opportunity to make some timely moves that might enable them to save money on their 2016 tax bill.
Smart timing of deductible expenses can reduce your tax liability, but poor timing can unnecessarily increase it. When you don’t expect to be subject to the alternative minimum
In our last post we discussed how Donald Trump’s proposed tax plan could possibly affect businesses. In this post we’ll discuss how his plan could affect individuals. President-elect
Donald Trump’s election as President of the United States could result in major changes to the tax law in 2017. Proposed changes spelled out in Trump’s tax reform
Saving for retirement can be tough if you’re putting most of your time and money into operating a small business. However, many retirement plans aren’t difficult to set
If you hold investments outside of tax-advantaged retirement plans, you may be able to take steps before year end to reduce your 2016 tax liability. Offsetting gains with
Although a vehicle’s value typically drops fairly rapidly, the tax rules limit the amount of annual depreciation that can be claimed on most cars and light trucks. So,
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