Year-End Tax Savings Checklist

Independent LivingCharitable Contributions: Give before the end of the year and reduce your income taxes.

Flexible Spending Accounts: Make sure you have used all the money in your account before it’s lost.

Mortgage Interest: Pay your January mortgage payment early and add to your mortgage deduction this year.

State and Local Taxes: Call your accountant now to ask what taxes may be paid this year to reduce your tax bill.

Income Tax Withholding: Adjust the withholding on your employer’s W-2 Form, if needed.

Contact Experts: Contact your tax advisor and call us at 732-922-9802 x2128 or e-mail foundation@umcommunities.org for more ideas on how to save money on taxes this year.