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These 6 deductions can reduce your 2017 tax bill come April

Source: https://cnbc.com/2017/11/20/these-6-deductions-can-reduce-your-2017-tax-bill-come-april.html - Nov 20, 2017

This has been a banner financial year for just about everyone — corporate earnings and stock markets are at all-time records, millions of individuals and small-business owners have experienced strong income gains, and home equity has reached historic highs.

But for many investors, any income gains could be muted by a high tax bill unless they take steps now to minimize their taxes. According to the Federal Reserve Bank of St. Louis, individuals earning between $100,000 and $199,999 annually in fiscal 2016 had an effective or average tax rate of 17 percent. And those earning between $200,000 and $499,000 had an average tax rate of 22 percent.

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Category: General Business