TEMECULA – The holiday season is in full swing and before people know it, 2019 will come to a close. Whether they are having a good year or are still recovering from last year’s surprise tax bill, residents may be able to save a bundle on their taxes with these last-minute moves to avoid going into the next bracket before the end of the year.
Rebecca Gramuglia, personal finance expert at TopCashback.com, shared some tax bill insights.
Estimate the tax bill now. Rather than waiting and being surprised by a huge tax bill, use the IRS’s withholding estimator to estimate how much will be owed or received on the tax return before the end of 2019. The estimator will also give suggestions on future withholding options.
Take some last-minute tax deductions. Before preparing and fili