Hello everyone, I hope everyone is having a happy Friday. In the past, Delerme CPA has touched base on some of the topics we’re about to talk about, but we will recap in order to help you guys with the upcoming tax deadlines. There are a few ways that can help save money in taxes. Harvest tax-losses is a way where capital losses, if they exceed your capital gains, can offset your taxable income of up to $3,000. If you feel as though your future deductible expenses may be higher, you can prepay your expenses ahead of time to give yourself a head start. Another great way is through investments. So with a 401(k), your contributions to this account reduce your taxable income of the current year. You could also do an IRA conversion, from traditional to Roth, but you have to keep in mind that in the future you will need to pay income taxes. Always consult your financial advisor before making a decision like that. A 529 college plan is also a good way of saving some money. Let’s say you you want to gift a portion of it, as long as it does not exceed $14,000, it will qualify as a gift-tax exclusion. Speaking of gift-tax exclusion, you can give away as much as $14,000 that becomes excluded from your taxable income, a 529 is a great example of this. Finally we have charities. With donating stock to charities, your tax deductions on said charities become equal to the fair market value of the donation. These are just a few of many to come. Once again guys, if you need any financial assistance or consulting, be sure to contact Delerme CPA.