While 2018 is almost up, there are a few tax moves worth considering:
- Make last-minute donations to your favorite charities to maximize your itemized deductions.
- Consider contributions of up to $100,000 from retirement accounts to qualified charities if you are over 70½.
- Look to make tax-efficient withdrawals from your retirement accounts if you are over 59½.
- Take advantage of the annual $15,000 gift-giving limit.
Avoid a rocky tax-filing experience by reviewing your current situation and maximizing your tax savings.
As always, feel free to pass this Tip along to friends, and reach out if you need help with your personal tax and finance situation.
DiSabatino CPA
Michael DiSabatino
651 Via Alondra Suite 715
Camarillo, CA 93012
Phone: 805-389-7300
ww.sharpcpa.com
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