Text презентация

can get you a nice tax deduction.
You can deduct the cash you donate, as well as the value of any property you give.
You can even donate stock, which can help you avoid capital gains taxes as well.

Photo: Flickr user Howard Lake

you can offset your capital gains.
Even if your losses exceed your gains, you can use up to $3,000 in losses to reduce your taxable income.
This is known as “tax-loss harvesting”

Photo: 401kcalculator.org via Flickr

bonus, ask your boss if you can have it after December 31.
And, if you’re self-employed, consider waiting until the new year to send out any outstanding invoices.
Deferring some of your income until 2016 will reduce your 2015 income tax.

Source: Flickr user Steven Depolo

$18,000 to your 401(k) in 2015 ($24,000 if you’re over 50).
Contributions are made on a pre-tax basis and will reduce your taxable income

www.aag.com via Flickr

to make contributions for the 2015 tax year.
If you don’t have an IRA yet, you can open one now and still have about five months to max out your contributions for 2015.
You can contribute up to $5,500 to an IRA ($6,500 if over 50), and you may qualify for a tax deduction.
However, 401(k) contributions usually need to be made before the end of the calendar year.

deduct the mortgage interest you paid in 2015.
By making January’s payment earlier, you could have more interest to deduct.
However, you cannot pre-pay interest that will accrue in 2016

Wikipedia user Idoysterbay

yourself or someone else, it may be a good idea to send in Spring’s tuition early.
Education tax credits and deductions are based on when you actually pay the tuition, not when the semester starts.

www.TaxCredits.net via Flickr

to $2,500 for the first four years of college.
The Lifetime Learning Credit provides up to $2,000, and can be used beyond four years.
Or, you can use tuition and fees as a deduction.
All of these are subject to income limitations, so check out each one to see which benefits you the most.

money and assets to leave your heirs, you can use the annual gift tax exemption to reduce the eventual estate taxes.
You can give up to $14,000 per person, per year, that doesn’t count toward the lifetime estate tax exemption.

www.SeniorLiving.org via Flickr

estate taxes.
However, if you start to give money to your heirs now, it can reduce the burden later on.
The top Federal estate tax rate is 40%, so strategic gift-giving can save a lot of money over the years.

rule for Flexible Spending Accounts has gotten a little more lenient.
Account holders are allowed to carry over up to $500 to next year, but your employer must adopt this change.

www.TaxRebate.org.uk via Flickr

to next year.
If you have more money in your account than you can carry over, make sure you use it before the end of the year.

2015, it means that your employer is withholding too much money from your paychecks.
If this applies to you, update the exemptions listed on your W-4.

Flickr user frankieleon

an interest-free loan you’re giving to the government.
It’s smarter to get larger paychecks throughout the year instead.
Make sure your W-4 reflects an accurate number of exemptions that you’re entitled to.

year for many criminals.
Take steps to protect your identity, and to avoid tax-related scams.

www.gotcredit.com via Flickr

each year.
For 2015, these include:
Callers posing as IRS agents to collect “delinquent taxes”
Email phishing scams
Identity theft – criminals filing a bogus tax return in your name to receive a refund.
Some steps you can take to avoid scams include:
File your tax refund as early as reasonably possible.
By far, the best way to avoid scams is to know what to look for. This IRS resource is an excellent overview of current scams and how to spot them.