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Stock impact report

Don't wait until next April to lower your tax bill. 6 tax moves to make now. [Yahoo! Finance]

Expensify, Inc. - Class A (EXFY) 
Company Research Source: Yahoo! Finance
Some moves can reduce your taxable income, while others can help you capture deductions or make more tax-efficient choices with investments. But you usually can't snag these tax breaks at the last minute. The IRS looks at your activity from Jan. 1 to Dec. 31 of the prior year. So do your future self a favor and prepare next year's taxes now. Here's how. A lower tax bill comes from making a series of smart decisions throughout the year. Here are six tips to help you prepare for next year's tax filing. Check and adjust your withholding Did you end up owing more than expected this year? Or did you get a big refund, but want your paychecks to be larger throughout the year? You might want to check your tax withholding at work and adjust it with a W-4 form. Federal income tax withholding determines how much tax is withheld from each paycheck. Here's how it works: If too little is withheld, you could face a tax bill or, in some cases, an underpayment penalty. If too much is with Show less Read more
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