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Seven Things You Can STILL Do, Before Year-End, To Reduce Your 2016 Taxes.

November 30, 2016 Shamsey Oloko Leave a comment Alternative Minimum Tax (AMT), Deductions, Interest Income, Investment-Related Deductions, IRA

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

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Who Claims The Kids On Their Taxes, And Other Ways Divorce May Affect Your Taxes

March 22, 2016 Shamsey Oloko Leave a comment Capital Gains, Child and Dependent Care Credit, Child and Dependent Care Creidt, Child Support, Child Tax Credit, Deductions, Education 529 Plans, Education Tax Credit, Filing Status, Income Tax, Representation, Tax Credit

Divorcing couples often wonder who claims the children on their taxes, and in what other ways divorce will affect their taxes. Questions may include which filing status to use after the divorce, and how payments for spousal maintenance and child support to an ex-spouse are treated for tax purposes. Also, inquiries about what happens to assets like the family residence are obviously frequently common.

Filing Status

This is a preview of Who Claims The Kids On Their Taxes, And Other Ways Divorce May Affect Your Taxes. Read the full post (844 words, 1 image, estimated 3:23 mins reading time)