By Eve Kaplan, Certified Financial Planner®
Now that the dust has settled, here are some smart tax moves to lower your taxes and/or avoid higher taxes/penalties in 2018. These steps may be especially helpful if you live in high property and high income tax states (e.g. New Jersey, New York, California) since state and local tax deductions are capped. Unfortunately all these changes mean you’ll need more time and energy to stay on top of your taxes.
Here are 4 strategies to lower taxes and/or avoid higher taxes/penalties:
- Bunch Up Charitable Donations With A Charitable Trust. Charitable trusts can be