“Dental bills,” said Larry Pon , a certified public accountant in Redwood City, Calif. “Those are big ones.”Make donations from your I.R.A. “This opportunity was a good deal before tax reform, and now it can be even more relevant and useful,” said Joe Musumeci, a certified public accountant with Rowles & Company in Baltimore. Contributions to traditional I.R.A.s may also provide a tax deduction, as long as you meet the income limits and other rules. For 2019, contributions to traditional and Roth I.R.A.s can be made until the April 15, 2020, tax deadline. (Just be sure to tell your provider that the contribution is for the 2019 tax year.)

Source: New York Times December 06, 2019 14:26 UTC