What You Can Do to Reduce Your Taxes at Year’s End.

Reduce your tax liability? With the new tax law set to be passed the week before Christmas, there are ways to look into the future and possibly take advantage of some current laws this year (2017).  At the end of the year, most taxpayers are looking to make strategic moves to minimize their tax liability. …

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Tax Exemptions and Deductions for Children

Deductions and Expenses for children Any child that you have that you claim on your tax return you’re going to get a personal exemption for it in 2017. The personal exemption is $4,050 and will directly reduce the taxable income of the taxpayer claiming the child.  There is also a child care credit for 2017. …

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