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The tax filing deadline has changed- get special savings on TurboTax
Have you filed your taxes yet? In response to COVID-19, the IRS has extended the federal tax filing deadline to July 15, 2020.
File online and get your maximum refund plus special savings on TurboTax®
With TurboTax, you’ll get your biggest possible refund fast and your taxes done right. Plus, credit union members save up to $20 on TurboTax federal products, all through tax season.
Lower your tax bill with year-end planning
As the end of the year draws near, the last thing anyone wants tothink about is taxes. But if you are looking for ways to minimize your tax bill, there’s no better time for tax planning than before year-end. That’s because there are a number of tax-smart strategies you can implement now that will reduce your tax bill come April 15.
Year-End Gifting Strategies
The tax year will be ending on December 31. If you have plans to make charitable gifts to family members, it’s last call to make those donations for 2018. The Basics If you have the financial ability and devotion to make lifetime gifts to family members, consider making them annually. The inflation adjustment for 2018 has increased the amount you can gift without being subject to a per-individual gift tax – $15,000 individual, or $30,000 for married couples. Keep in mind that gifting decisions should reflect any additional wealth transfers or estate planning steps you already have in place.
