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5 Moves to Reduce Your 2018 Taxes With the new tax law, you may need to make some changes

Source: consumerreports.org - May 9, 2018

If you submitted your taxes on time, you’re probably keenly aware of your financial situation and ready to move on. But it may be a good idea to think about taxes a little longer and start figuring out how to reduce them next year.

The Tax Cuts and Job Act that went into effect on Jan. 1 will help many people pocket more of their income thanks to its higher standard deductions and more generous tax brackets. But because it eliminates many itemized deductions, it makes things more complicated for others.

Here are five ways to reduce your 2018 taxes and pave the way for lower taxes in the future.

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Category: General Business