Tax Guy: 5 smart tax moves you can still make for your 2018 return

With the April 15 deadline for filing your 2018 Form 1040 only a few days away, it’s still not too late to make some moves that will save taxes on last year’s individual federal income tax return. And maybe on your 2018 state return too.

Here are five tax-saving ideas that can potentially be implemented with 2018 returns:

1. Choose to deduct state and local sales taxes

If you live in a jurisdiction with low or no personal income tax or if you owe little or nothing to the state and local income tax collectors, you have options. You can potentially claim itemized deductions on last year’s return for either (1) state and local general sales taxes or (2) state and local income taxes.

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