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2017 Tax Planning Ideas

Posted On: March 31, 2017 | Categorized In: 401K, IRA, Taxes

Postpone income and accelerate deductions if future tax rate is expected to be lower. Examples include paying property tax in December versus January, selling loss generating assets and making charitable contributions to accelerate deductions. Examples of postponing income include deferring IRA or 401K distributions. Accelerate income and postpone deductions if future tax rate is projected […]