Reminders & Tips (November)

Maximize your benefits during open enrollment! 

November is typically open enrollment for many companies. Maximizing your benefits, especially pre-tax ones, could save you thousands in taxes per year! In addition to reviewing your health insurance plans, be sure to see if your company offers flexible spending accounts (FSAs) [maximum: $2,550 contribution for 2017] and dependent care FSAs for childcare expenses [maximum: $5,000 per family in 2017].

Newly married? 

To avoid over- or under-paying taxes, be sure to change the number of allowances you claim on your employer's W-4 form.