Do these 5 things by Dec. 31 to cut your tax bill – WRTV Indianapolis


If your employer offers a match on contributions, you’ll get free money to boot, and those matching dollars are on top of the $18, 500 limit. Bonus: You have until April 15, 2019, to move money into an IRA and still make it count as a 2018 contribution. A married couple might not score a tax break from a $15, 000 annual donation, for example, but bunching the donations into a $30, 000 gift every other year could, he notes.  If your losses exceed your gains, you may be able to deduct the difference on your tax return, up to $3, 000 per year ($1, 500 for those married filing separately).

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