How to Hammer Down Your Taxable Income in 2017

A few smart saving and investing steps taken now can head off a hefty tax bill next year.

(Image credit: 2007)
Craig Hammer, Broker, Investment Adviser
By Craig Hammer, Broker, Investment Adviser
published

With the start of the new year, tax documents are beginning to trickle in. Some of you may be surprised by the amount of capital gains realized in 2016 due to the sale of assets or through capital gains distributed by mutual funds.

While you can’t undo what occurred in 2016, here are a few ideas to help reduce your taxable income for 2017:

Disclaimer

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Craig Hammer, Broker, Investment Adviser
Craig Hammer, Broker, Investment Adviser
Partner, Prosperity Partners Wealth Management

Craig Hammer specializes in formulating customized client investment strategies utilizing an interactive process which reveals strengths, weaknesses, gaps and plan option solutions.