As 2008 draws to a close, take some time to consider what you can do before year-end to reduce your income tax bill.
In late November, a financial planner’s fancy lightly turns to thoughts of…minimizing taxes. Actually, I’m thinking about Thanksgiving too, but while there’s still time to act, it’s wise to spend a little time thinking creatively about managing your tax liabilities.
This year, end-of-the-year strategies are trickier, as no one can say for sure whether income taxes will increase significantly in 2009 under a new presidential administration. In the midst of recession, it’s becoming less likely that taxes …Read More