There are some last-minute moves that may save you money on your 2016 taxes. 1) If you’re eligible for a medical deduction, pay bills for qualified expenses before Dec. 31. 2) Make charitable contributions. Charitable gifts and medical expenses are deductible when charged to your credit card in 2016, not when paid in 2017. 3) Prepay qualified higher education expenses due for the 1st quarter of 2017. Contact us for more information about these and other year-end tax-saving moves in your situation.
