Comments on: Think About Your Tax Deductions http://www.bargaineering.com/articles/think-about-your-tax-deductions.html personal finance blog with anecdotes, advice and commentary. Sun, 08 Nov 2009 14:07:29 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Jarred Brown http://www.bargaineering.com/articles/think-about-your-tax-deductions.html/comment-page-1#comment-2058 Jarred Brown Tue, 22 Nov 2005 22:14:05 +0000 http://www.bargaineering.com/articles/?p=470#comment-2058 Planning for taxes concerns two areas - deferring income and accelerating deductions. Pay your 4th quarter state taxes by December 31st or pay your January mortgage in December. Talk to your employer to defer that Christmas bonus to January 1st or any other payment that is outside your "normal" salary. Bottom line - talk to your accountant prior to the end of the year - it will increase their value to you. Planning for taxes concerns two areas – deferring income and accelerating deductions.

Pay your 4th quarter state taxes by December 31st or pay your January mortgage in December.
Talk to your employer to defer that Christmas bonus to January 1st or any other payment that is outside your “normal” salary.

Bottom line – talk to your accountant prior to the end of the year – it will increase their value to you.

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