Take a second look at your medical spending
Have you already spent the money you set aside in your Flexible Spending Account (FSA) for 2017? Have you contributed the maximum amount to your Health Savings Account (HSA) ($3,400 for individuals & $6,750 for family coverage)? Consider increasing your FSA contribution for 2018. Remember it is a use it or lose it contribution, but if your medical expenses are consistent or predictable consider an increase. Your contribution decreases your taxable income. Your HSA contribut
Tax Planning - Pay State Taxes Before Year End
If you expect to owe state and local income taxes when you file your return next year, consider asking your employer to increase withholding of state and local taxes (or pay estimated tax payments of state and local taxes) before year-end to pull the deduction of those taxes into 2017 if you won't be subject to alternative minimum tax (AMT) in 2017. By paying your state taxes in December rather than April you can deduct it on your 2017 tax return. Pulling state and local tax
