Are you taking up the Challenge towards reducing your Tax Bill for Next Year Taxes? We're now on Day 2 Challenge towards helping you achieve this Goal .Be Sure to implement and Keep Checking back for more information.
CLUE 2: Accelerate
If you plan to itemize
your deductions, you are better off accelerating your deductible expenditures
into this Year to produce a higher write-off. You will pay less in Taxes, if
you have more deductions.
Ways of accelerating
your Deductions are:
* Donations to
Charitable Organizations (We mentioned this in our earlier post).
* Replacing Old
* Prepaying State
* Pay Next Year's Fees
and Subscriptions in the Current Year.
* Pay Outstanding
* Pay your Real Estate
* If you own your
Home, Make an Extra Mortgage Payment at the end of the Year, so that you can
get an additional Tax Deduction for the Interest Paid.
This is the Right Time
to do all these, If you want a Reduced Tax Bill in 2017.