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Year End Tax Planning

Posted by Admin Posted on Nov 17 2015

As the end of the year draws to a close it is good time to consider a few tax savings strategies.  Here are just a few possible ways to try to lower you tax burden for 2015:

Maximize 401(k) and IRA contributions

Accelerate medical expenses if your current expenses are over 10% (7.5% if over 65) of your adjusted gross income.

Donate appreciated assets held over one year to charity to avoid capital gains taxes.

These are just a few ideas to consider in order to save on taxes.  Please give us a call and we can talk about more.