FYI: Expecting a lower tax bill this year?
You could be disappointed—many taxpayers will get a nasty surprise when they finalize their 2018 returns. But it’s not too late to minimize some of the sting.
Despite lower tax rates that went into effect this year under the Tax Cuts and Jobs Act, new restrictions on deductions for property and state-income taxes, along with limitations on other deductions that have long been taken for granted, can result in higher-than-expected bills for many moderate- and high-income taxpayers, particularly in high-tax states.
If that sounds like your situation, consider these 11th-hour strategies:
Regards,
Ted
https://www.barrons.com/articles/how-to-avoid-a-big-tax-bill-1544141645?mod=hp_LEAD_1
