I’m not a tax advisor or accountant or anything of the sort but aren’t many of these suggestions directed at maximizing this year’s deductions and pushing income into next year when possible. How is this a positive in the face of anticipated tax rate increases next year?
Thanks, again. This info was a helpful reminder to me.
*I asked my boss to defer my HUGE (not!) year-end bonus to 2009.
*I’ll put off getting additional new windows and other home energy efficiency items until 2009. Unfortunately, Husband just bought new Energy Star fridge and washing machine this past month. Grrrrr! (I’m going on-line to look for rebates for them, though, anyway.)
*I’m increasing my contribution to my HSA through work next month. That is one slick system; I’d encourage anyone that has it to USE it. :)
*I’m upping my percentage contribution into my 401K plan at work. Now is the time to buy, buy, buy!
*I’m paying of cc debt from a business start-up fast and furiously. That extra cash-flow each month will then go into investments for my future to ensure I’m not a cat food eatin’, Sterno-swillin’ Bag Lady, and a burden on the rest of you. :)
Please add me to your list. Thanks!