5 things on your to-do list before new tax plan is implemented in 2018

1. Prepay 2018 property tax bill: Prepaying is fine as long as you agree with your property tax valuation. Many jurisdictions will not allow you to protest your property tax valuation if you prepay. Check with a property tax attorney as needed.
2. Prepay 2018 state income taxes: Same as property taxes but check with your state if this is permitted.
3. Delay income: Getting your year-end bonus or the sales commission, take it in 2018 when tax brackets are lower. Same with any business income that you can invoice in 2018.
4. Expedite expenses: Maximize all your itemized deductions, unreimbursed employee expenses, unpaid business miles.
5. Give to charity: If you fall under the standard deduction brackets for 2018, you may not benefit from the charitable contributions. Donate to charity before the year-end.