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2016 Year End Tips

Thanksgiving is over, the Christmas season is in full swing and another year is rapidly coming to a close. However, there are still actions that you can take now to lower your 2016 tax bill. My standard advice for this year (and any year for that matter) is very simple:

Defer income until 2017 where that is possible and accelerate deductions into 2016.

This strategy takes on even more importance in the wake of November’s elections for two big reasons:

The Candidates on Tax Reform: Part 3

In my previous posts, we looked at the tax plans of the two major candidates for President.  I will conclude this series with a look at the Libertarian party’s tax proposals. Former New Mexico Governor Gary Johnson captured the Libertarian Party’s presidential...

The Candidates on Tax Reform: Part 2

What would tax reform look like under a Hillary Clinton administration?  This post will list some of the tax proposals found on her campaign website:  www.hillaryclinton.com. Mrs. Clinton’s tax policies revolve around the theme of fairness.  Her plan would act to...

The Candidates on Tax Reform: Part I

The political conventions are over and we finally have both major party’s nominees for president – Donald Trump for the Republicans and Hillary Clinton for the Democrats.   So where do the candidates stand when it comes to tax reform? This post will focus on Donald...