In addition to visions of sugar plums, there’s something else we need to be dreaming about: tax breaks for 2016.
Before we know it, the clock will strike 12 on December 31 and it will be 2017. But, it’s not too late to do some last-minute planning to lower your taxes from 2016. It might be the last thing on your mind with the holidays not quite here and gone yet; however, if you love saving money (and I sense you do), you’ll make time to claim deductions and credits from the year.
Tax Breaks for 2016
You may not be able to start filing until January 2017, but you can still prepare your tax credits and deductions for your 2016 Tax Return. The following are actions to take advantage of before the year end to include on your 2016 tax breaks: