Tax Reform Update 2018

3 Year-End Tax Planning Strategies with the Tax Reform Bill in Mind
With the new tax reform bill signed, sealed and delivered just before the holidays, there are a few things you may want to take quick action on before Dec. 31 to maximize your tax benefits. Here’s a look at three different steps you could consider taking before the new year.

  1. Think about prepaying your property taxes.
  2. Consider postponing or accelerating your income.
  3. Contemplate increasing your charitable contributions.