Last Minute Tips 2018

Today TaxMama®wants to give you some steps to take before the end of 2018. Dear Family,This year, it’s especially difficult to figure out how to reduce your taxes. The average couple is not likely to be itemizing any more. Folks with high employee business expenses won’t be able to use them. Individuals with mortgages might still have expenses above the standard deduction. Or folks, who, heaven forbid,have been seriously ill with minimal insurance coverage. So what’s a taxpayer to do? Here are some ideas.Do a withholding check-up – you’re apt to come up short this year – IRS payroll check-up tool https://www.irs.gov/newsroom/time-for-a-paycheck-checkupSeniors age 70 1/2 -remember to withdraw your Required Minimum Distribution from your retirement accounts – https://www.irs.gov/newsroom/irs-reminder-deadline-dec-31-for-most-retirees-who-must-make-required-retirement-plan-distributions -50% penalty if you don’t – but…

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