Tax Strategies for Year-End

Given that lowering taxes is toward the top of President-Elect Trump's list, you might consider doing any of the following.Just remember, these suggestions are based on what could happen and not what will definitely happen:

• Accelerate itemized deductions to 2016 (e.g. pay your charities this year)
• Defer income until 2017 (e.g. defer sale of large investments)
• Businesses: purchase needed equipment prior to year-end