Year-End Donations - More Bang for Your Buck!
As we approach the end of the year, we hear more questions about last minute tax-saving ideas. One way to possibly save taxes and benefit the community is by making donations to charitable organizations such as your church, colleges and most social agencies.
In Colorado, donations to certain designated organizations qualify for significant income tax credits. These credits can be used to offset Colorado income taxes dollar-for-dollar.
Tax Reform is Here Last Minute Tax Moves for Business Owners
As the end of the year approaches, it is a good time to think of planning moves that will help lower your tax bill for this year and possibly the next.