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Time’s up on these tax changes January 1

Time is running out to make these last-minute tax changes and donations.

By Danielle Andrus | Updated on December 28, 2016
Time is running out to make these last-minute tax changes and donations. (Photo: Getty)

Tax Day is April 18, 2017, but Dec. 31, 2016, is the last day for taxpayers to make most changes that will affect their 2016 returns, the IRS reminded investors in a notice posted on its website.

For example, deductions for charitable donations made with a credit card, even if the bill isn’t paid until after the new year, can be made on the 2016 return. The same principle applies for clients who still write checks to charities; if it was mailed before the end of the year, it can be claimed on the 2016 return.

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