β You know what’s a frustrating experience? Getting to season of taxes and then finding out you owe a hefty tax bill.
β You know what’s a much better one? Knowing how much you owe months in advance so you can prepare to pay that tax bill.
π― And there’s one that tops it all: Figuring out how much you owe and finding ways to reduce it, if you still can.
π There’s just over a month left until the end of 2023, yet you still have time to implement some tax-saving strategies, such as:
- Contributing to your company-sponsored 401(k) plan;
- Realizing capital gains or losses;
- Saving in your flexible spending account (FSA);
- Paying deductible expenses;
- Make charitable donations;
- Complete a Roth conversion;
- Taking advantage of home energy improvement tax credits;
- And more…
π But what strategies should I implement? π
It depends on your particular situation, and the best way to find out how to save the most on taxes is to talk to a professional, so Wave Tax is here to help. If you want to know more about the different options you have to deduct taxes, don’t hesitate to contact us at info@wavetax.us
β At Wave Tax and Financial Solutions we are here to help you organize your finances π―
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