Four tax strategies you can use to reduce your income taxes and increase your 20% Pass-Through Income Section 199A deduction

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Strategy #1: Harvest your capital losses. If capital gains are hurting your Section 199A deduction, you still have time before the end of the year to harvest your capital losses. These losses can then be used to offset those “harmful” gains. Strategy #2: Do good and do well by making charitable contributions. You can use…

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Lower Your Tax Bill for 2018

CPA Department As the end of the year approaches, it is a good time to think of planning moves that may help lower your tax bill for this year and possibly the next. Year-end planning for 2018 takes place against the backdrop of a new tax law—the Tax Cuts and Jobs Act—that make major changes in…

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