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6 Tips for Planning Next Year’s Taxes Now

Smart taxpayers plan their tax year. They do not wait until the year is over and then prepare their taxes and see how much damage was done. Contributing throughout per tax year, rather than later, is easier and helps you more effectively accomplish your financial goals. To know more visit here https://www.beyondaccountant.com/tax-planning-preparation-fairfax-va

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6 Tips for Planning Next Year’s Taxes Now

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  1. 6 Tips for Planning Next Year’s Taxes Now Smart taxpayers plan their tax year. They do not wait until the year is over and then prepare their taxes and see how much damage was done. You can use the Tax Calculator to accomplish ‘what-if’ scenarios for current and future tax years. It gives you a beginning point for your business tax planning. Here are tips for planning next year’s taxes, before it’s too late: Understand the rules for claiming dependents Assess your tax impact before you sell major assets First, operate what-if scenarios for the new tax year Determine if bunching deductible costs can help you Try to check the main deductions for high-income years Contribute to your retirement accounts throughout the year

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