With a little planning, your tax savings can help pay your bills and cover the extra shopping you did throughout the holiday season.
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Smart tax moves to make before the end of the year
There have been a number of changes to the tax policy in recent years, but 45% of Americans don't know important details about their taxes. With just a couple easy moves, you can make sure you're set up for success when you file in 2021.
“There have been a number of changes to withholdings over the past three years and we’ve found that many Americans haven’t been making adjustments accordingly," says Gregory J. Anton, CPA, CGMA, chairman of the AICPA’s National CPA Financial Literacy Commission.
There still is time to improve your financial situation this year. If you take these steps now, you’ll be on more solid financial footing when the new year begins.
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Whether or not you're currently working, there are things you can do to earn a few extra hundred dollars per month.
Healthcare flexible spending accounts have valuable tax benefits but most have a Dec. 31 deadline. Use or or lose it by following these tips.
