Lower Your Tax Bill: 10 Ways You Could Pay Less in Taxes for 2016

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Lower Your Tax Bill: 10 Ways You Could Pay Less in Taxes for 2016

Nov, 28th 2016

If you had to bet, would you bet that your taxes will be higher or lower next year?

The question is important now, because this is the time when people try to juggle their income and certain spending before year-end so they pay as little as possible in taxes when they file their return in a couple of months.

If you think your taxes will be lower for 2017 than this year, you will want to make smart moves now to cement as many deductions as possible for 2016. It also can be wise to try to delay taking some income until 2017, assuming you can control the timing of income such as a bonus or a payment from a client for work your small business has done.

But Tim...

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