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JMF CPA LLC
7800 Glenmore Drive
PO Box 1297
Powell, OH 43065
Phone: 614-408-3730
Fax: 614-408-3731
Cell: 740-972-0858
Email: jo@jmfcpallc.com
Website: www.jmfcpallc.com
Ideally, you have strived to minimize your taxes all year. Good news! Here are some year-end strategies that may help cut your tax bill even more. Before implementing these or any year-end strategies, talk with your tax advisor.
Do the opposite if, for example, you'll have fewer dependents to deduct next year, have a spouse taking leave, suffer business losses, etc., resulting in having less taxable income in 2025.
Before bunching any expenses into 2024, consider your overall tax bracket for this tax year and 2025. If you anticipate income increasing enough in 2025 to put you in a higher bracket, it may make sense to postpone a deduction.
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