Women2Women - Spring 2017 - 23

THE OUTCOME OF MY TAXES IS
NOT WHAT I WAS HOPING FOR.
WHAT CAN I DO NOW TO CHANGE
THE OUTCOME FOR NEXT YEAR?)

Tax planning is essential in order to reduce your tax liability
for the year, and also avoid underpayment penalties and interest
that the IRS may assess. The easiest way to reduce your liability
at the end of the year is by increasing your tax withholdings
so that you can either break even or receive a refund. Work
with your tax preparer on ways to adjust the amount of your
withholding before year-end.
Consider maximizing your contributions to company-sponsored
retirement plans such as 401(k) or 403(b) plans, as this will reduce
your taxable income on next year's tax return.
Another way to reduce your current year tax liability is by
contributing to a traditional IRA. These contributions are
adjustments to gross income on your tax return, which will
reduce your tax liability. Please note that contributions to your
traditional IRA accounts are not tax exempt. You will eventually
need to pay taxes on this income upon retirement. There are
certain limitations to funding deductible IRA contributions;
please discuss with your tax preparer to ensure you will receive
the tax benefit you are hoping to achieve. A taxpayer has until
the individual tax due date (typically April 15th - this year
April 18th) to fund an IRA, so it is one of the few mechanisms
available after year-end to still reduce the tax liability on a
current year tax return.

It's where they help builders.

It's where we make decisions.
Deb and Tom Kearse, Owners
Kohl Building Products

Locally focused. A world of possibilities.

VISTBank.com
1704
TOMPKINS VIST ISSUE:
ORG/PUB: Women 2 Women
Your Loved One.
BANK
CAMERA READY: 1704

Your Family.
AD SIZE CONTRACTED: 1/4 V
Your
Decision.
DIMENSIONS: 3.5625" w x 4.833" h

I'VE PROCRASTINATED ON
FILING MY TAXES. HOW DO
I GET AN EXTENSION?
PDF EXPORT SETTINGS

Filing an extension is straightforward. All you need to do
is file Form 4868, which is the Application for Automatic
Extension of Time to File U.S. Individual Income Tax Return.
This is a short application, which essentially asks you to provide
basic information, like your name and address, along with the
current year's estimated tax liability. Please note that filing an
extension does not exempt you from paying your taxes on time.
You will still need to send in a payment for your estimated
tax liability if you do not want to be subject to late payment
penalties and interest. n

Informed Families
choose Comfort Keepers

COMPATABILITY: Acrobat 5 (PDF 1.4) | STANDARDS COMPLIANCE: None | GENERAL: Optimize PDF: Off; Create Acrobat Layers: N/A; Export Layers:
Visible and Printable Layers; Include Bookmarks: Off; Include Hyperlinks: Off; Export Nonprinting Objects: Off; Export Visible Guides and Baseline Grids: Off;
Create Tagged PDF: Off; Interactive Elements: Do Not Include | COMPRESSION: COLOR IMAGES: Bicubic Downsample at:®300 ppi for images above: 450
ppi; Compression: ZIP; Tile Size: N/A; Quality: 8 Bit GRAYSCALE IMAGES: Bicubic Downsample at: 300 ppi for images above: 450 ppi; Compression: ZIP; Tile
Size: N/A; Quality: 8 Bit MONOCHROME IMAGES: No Sampling Change for images above: 1250 ppi; Compression: CCITT Group 4; Compress Text and Line Art:
On; Crop Image Data to Frames:
On | OUTPUT:
Color Conversion:to
Convert
to Destination; Destination:
Document CMYK - U.S.
Web Coated (SWOP) v2; Profile
When
it comes
selecting
In-home
Care
Inclusion Policy: Don't Include Profiles; Simulate Overprint: N/A; Output Intent Profile Name: N/A; Output Condition: N/A; Output Condition Identifier: N/A; Registry
for
your
Loved
One,
don't
let
it
up
to
chance.
Name: N/A | ADVANCED: Subset Fonts Below: 0%; Omit PDF: Off; Omit EPS: Off; Omit Bitmap Images: Off; Transparency Flattener Preset: N/A

Call Comfort Keepers to learn why more
Seniors and their Families prefer Comfort Keepers®.

SERVICES
Personal Care * Companion Care
Relief for Family Caregivers

ComfortKeepers.com/BerksCounty-PA

COMFORT

ISSUE:
1704
berkswomen2women.com
23
ORG/PUB: Women 2 Women

http://www.vistbank.com http://www.comfortkeepers.com/BerksCounty-PA http://www.berkswomen2women.com

Table of Contents for the Digital Edition of Women2Women - Spring 2017