Late in 2016, the Internal Revenue Service released an announcement to remind eligible employees to commence their tax planning to take full advantage of their employer’s health flexible spending account, also known as a flexible spending arrangement (FSA), during 2017. A qualified tax professional may offer complete assistance to any working taxpayer fortunate enough to have access to an FSA. Employers are not required to offer FSAs. Thus, interested employees should consult with their employer for more information.
Seven Things You Can STILL Do, Before Year-End, To Reduce Your 2016 Taxes.
2017 is almost here. It’s never too early to plan ahead when it comes to reducing your taxes. An experienced and knowledgeable tax professional can help any individual or business make the right year-end savings moves with important advice and assistance. Since tax planning is mostly about timing, here are a few, last minute things you can do before the end of the year to reduce your 2016 tax bill.
*Defer income to 2017