taxes

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.

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:

About the Author

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.

Most Popular

The Wrong Way to Achieve Wealth
personal finance

The Wrong Way to Achieve Wealth

For some down-to-earth, basic advice on money and life, I have a book to recommend: “Your Total Wealth: The Heart and Soul of Financial Literacy.”
April 17, 2021
Child Tax Credit 2021: Who Gets $3,600? Will I Get Monthly Payments? And Other FAQs
Coronavirus and Your Money

Child Tax Credit 2021: Who Gets $3,600? Will I Get Monthly Payments? And Other FAQs

People have lots of questions about the new $3,000 or $3,600 child tax credit and the advance payments that the IRS will send to most families in 2021…
April 14, 2021
2021 Child Tax Credit Calculator
Tax Breaks

2021 Child Tax Credit Calculator

See how much money you'll get in advance under the new child tax credit rules for 2021.
April 14, 2021

Recommended

Taxes on Unemployment Benefits: A State-by-State Guide
state tax

Taxes on Unemployment Benefits: A State-by-State Guide

Don't be surprised by an unexpected state tax bill on your unemployment benefits. Know where unemployment compensation is taxable and where it isn't.
April 16, 2021
2021 Child Tax Credit Calculator
Tax Breaks

2021 Child Tax Credit Calculator

See how much money you'll get in advance under the new child tax credit rules for 2021.
April 14, 2021
Monthly Payments of the 2021 Child Tax Credit Will Begin in July
Coronavirus and Your Money

Monthly Payments of the 2021 Child Tax Credit Will Begin in July

After doubts about whether it was up to the task, the IRS says it's on schedule to start sending monthly child tax credit payments this summer.
April 13, 2021
11 Surprising Things That Are Taxable
Tax Breaks

11 Surprising Things That Are Taxable

If you picked up any of the income or property on our list, make sure you declare it on your next tax return.
April 12, 2021