tax savings: Severn, MD: End of Year Tax Saving Ideas - 12/25/18 02:45 PM
With less than one week left in the year and taxes being a significant percent of where our income goes, consider the following to reduce your 2018 tax bill:
1) Estimate your Total Income. Update your accounting records; estimate your total income. Work with your CPA (or do it yourself) to do a quick estimate of your tax liability.
2) Business owners reduce Taxable Income to below 20% QBID Threshold of $157.5K ($315K married). If you can reduce your taxable income to below $157.5K ($315K married), your qualified business income will be eligible for the new 20% qualified business income deduction (QBID). Your … (0 comments)

 
Lisa Church, IRS tax representation in Anne Arundel County, MD (Lisa D Church CPA, EA, MBA, NTPI Fellow) Rainmaker large

Lisa Church

IRS tax representation in Anne Arundel County, MD

Severn, MD

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Lisa D Church CPA, EA, MBA, NTPI Fellow

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