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Time to make these tax moves before year-end
Source:
cbsnews.com
- Nov 12, 2015
Before the holidays become all-consuming, now's a great time to focus on some financial moves to make that can lower your taxes when you file next year.
The point of year-end tax planning is pretty straightforward: It's to make some specific transactions (contributions, payments, donations, sales, purchases) before Dec. 31 so that when you prepare your 2015 tax return, you'll have more deductions and less income. And, therefore, pay less income tax or get a bigger tax refund.
Here are a few such year-end tax saving strategies to consider.
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Category: IRS
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