It’s the end of the year and you may be thinking about donating to your favorite charity. These gifts help nonprofits and could reduce your tax burden.
At the beginning of the year ask your tax professional to estimate your tax bill. Then, each quarter, compare your current withholding to the estimate.
Plan ahead to minimize, or even avoid, taxes on your Social Security benefits. Learn how to build a tax-sensitive retirement income plan.
Don’t get caught up in a tax fraud scam. Spot these shady schemes before they cost you penalties and back taxes.
Know what to keep—and what to toss.
Knowing how the tax rules are shifting can help you make better decisions throughout the year.
Remember that a bonus, like your earned income from the rest of the year, will likely be taxed by Uncle Sam.