TAX TIP TUESDAY: Final Hour Tax Moves to Save You Money Next April

TAX TIP TUESDAY: Final Hour Tax Moves to Save You Money Next April

Victoria Swarthout
Tax Tips

With 2018 coming to an end, here are a few last-minute tax moves worth considering:

  • Make donations to your favorite charities to maximize your itemized deductions before December 31st.

  • Consider contributions of up to $100,000 from retirement accounts to qualified charities if you are over 70½.

  • Look to make tax-efficient withdrawals from your retirement accounts if you are over 59½.

  • Take advantage of the annual $15,000 gift-giving limit.

Avoid a rocky tax-filing experience by reviewing your current situation and maximizing your tax savings. Call our office today to request a tax projection to prepare you for next April.

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