Martin Hood LLC | Tax Strategies for Year-End
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Tax Strategies for Year-End

Tax Strategies for Year-End

Given that lowering taxes is toward the top of President-Elect Trump’s list, you might consider doing any of the following.

 

Just remember, these suggestions are based on what could happen and not what will definitely happen:

 

  • Accelerate itemized deductions to 2016 (e.g. pay your charities this year)
  • Defer income until 2017 (e.g. defer sale of large investments)
  • Businesses: purchase needed equipment prior to year-end