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  • Start strategizing now to keep next year’s tax bill low

    CNBC - 07/23/2015

    But accountants and financial planners say there’s plenty taxpayers can do to cut their tax bill, especially with a long timeline to strategize. “This is a good point to take a snapshot of what’s happened so far this year,” said Tim Gagnon, an assistant teaching professor of accounting at Northeastern University’s D’Amore-McKim School of Business. “It’s easier to adjust over almost six months than in a few weeks at the end of the year.”

    First things first: Consider any big income shifts this year that could require specific planning. “You’re halfway through the year, you probably have a good idea,” said Gagnon. “April is a lousy time to find out there’s a big bill.”

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