- Consider grouping your deductions in one year.For instance, if you give each year to your college, then consider skipping one year and contributing two years’ worth in one year, since marrieds will have to exceed the new standard deduction of $24,000 and since your state income taxes and real estate taxes are limited to $10,000 you may need this to be able to itemize.
- Prepay your state estimates in December, but only if you will be able to itemize and you are not subject to the alternative minimum tax.
- The alimony deduction goes away in 2019, so make sure to get your agreements dated before that magic date.
- Traditional IRA contribution for 2018 must be made by 4/15/19, but you can make one in December and another for 2019 in January.
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