A Publication of WTVP

Making effective year-end tax decisions requires an understanding of the rules that are in effect for 2015 and 2016. Here are a few tax-planning tips that could potentially lower your taxable income, and therefore, your tax bill:

These are just a few ideas that may help as we approach year-end. As Albert Einstein stated, “The hardest thing in the world to understand is the income tax.” So don’t feel bad if you need to seek the assistance of a financial professional to help you develop your own year-end tax planning strategies. iBi

Daryl Dagit CFP, CRPS is the market manager and financial advisor in the Peoria office of Savant Capital Management. He can be reached at (309) 693-0300.