3 Year-End Tax Moves to Make Before 2018
I write about smart tax moves to make every year around this time, but 2017 is a somewhat unique situation. If the GOP is successful in passing a tax reform bill that goes into effect in 2018, there are some especially smart moves taxpayers can make in the final weeks of 2017 in order to take full advantage of the expected changes.
One of the most obvious year-end tax moves you can make is to donate to charity, which is one of the most common itemized tax deductions. And, many Americans do just that. In fact, December is by far the most active month for charitable giving, with 31% of contributions taking place during the month.
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Source: Fool.com
