Cut Your 2017 Income Taxes

There’s still time left for you to cut you 2017 tax bills.

The conventional tax wisdom at the end of the year is to pull in deductions to offset current tax liability and push off income to postpone tax payment. This takes on added significance in 2017 with enactment of the new tax reform law, the Tax Cuts and Jobs Act (TCJA).

Because the bill, just signed into law by President Trump on Friday, December 22, cuts individual tax rates and eliminates or scales back most itemized deductions in 2018, many taxpayers have even more tax incentive to follow the traditional pull-and-push strategy.

See more at CPAPracticeadvisor.

According to Marketwatch “Most individuals will benefit from year-end planning moves that push income into next year and pull deductions into this year.”

For all those who would like to cash in on these saving by purchasing moving equipment at Handtrucks2go, make sure to place your orders before 12 AM on 12/31/2017, in order to make sure that the transaction will post in 2017.

Wishing all of our customers a Happy 2018!

The Handtrucks2go Team.