![]() If you are self-employed or do freelance or consulting work, you have more leeway. It’s tough for employees to postpone wage and salary income, but you may be able to defer a year-end bonus into next year-as long as it is standard practice in your company to pay year-end bonuses the following year. Income is taxed in the year it is received-but why pay tax today if you can pay it tomorrow instead? ![]()
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