2018 Tax Moves to Make Before the Holidays Arrive

Before you even finish polishing off the last of the leftover Halloween candy, there's something else you should do that could save you money: Take care of some tax business.

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The 2017 Tax Cuts and Jobs Act will have an impact on many Americans filing their 2018 tax returns. Tax brackets have been lowered, the standard deduction has doubled and expenses that formerly qualified as deductions have been reduced or cut altogether.

To take advantage of these changes, it’s important to quickly get your financial house in order. Take time in November to make several strategic changes that may save hundreds, possibly thousands, of dollars in taxes. In many cases, these transactions will involve other parties, which is the reason to move forward now.

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Lisa Brown, CFP®, CIMA®
Partner and Wealth Advisor, CI Brightworth

Lisa Brown, CFP®, CIMA®, is author of "Girl Talk, Money Talk, The Smart Girl's Guide to Money After College” and “Girl Talk, Money Talk II,  Financially Fit and Fabulous in Your 40s and 50s". She is the Practice Area Leader for corporate professionals and executives at wealth management firm CI Brightworth in Atlanta. Advising busy corporate executives on their finances for nearly 20 years has been her passion inside the office. Outside the office she's an avid runner, cyclist and supporter of charitable causes focused on homeless children and their families.