It is important for taxpayers to understand what their tax liabilities will be for the year and to undertake efforts to lower their tax bill for the year. While certain deductions may be done after the close of the year (primarily contributions to retirement accounts), most tax planning strategies will need to be executed prior to the end of the year.
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Happy Holidays and Happy New Year!
Submitted by Elena Hegel on Wed, 12/09/2015 – 15:10