With Trump, tax changes possible, so do these things now
Shopping for bargains isn’t the only financial tip for December. Consider the implications of possible tax reform in 2017 when you pay property taxes or make charitable donations.
Susan Tompor | Detroit Free Press | November 30, 2016
- Pay attention to the rules for your Flexible Savings Account. Use the money you need by Dec. 31.
- Review how much money you’ve had withheld in a 401(k). See if you can add more before year end.
- Clearing out a closet? Make the donation by Dec. 31 if you want to itemize deductions for 2016.