18 Easy Tax Moves That Will Improve Your 2018 Finances

Move to a lower-tax state

Picking up and moving somewhere isn’t necessarily something everyone can do, but the problem with tax reform is that you’re now limited in how much in state and local taxes you can take as an itemized deduction. The maximum deduction is now $10,000, and if you live somewhere that the combination of state and local income and property taxes are high, you might routinely blow through that upper limit. Starting in 2018, paying more than the limit won’t do you any good. Especially if you were already considering a move, taking taxes into account could lead you to a tax-saving decision.

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