2006 is ending, tax time is coming
Tuesday, December 5th, 2006 at
4:14 pm
Yahoo’s top ten end of year tax tips:
- Check your retirement balances
- Use up your medical reimbursement plan
- Review your contributions to your company’s retirement plan
- Review your alternative minimum tax situation
- Don’t buy any mutual funds in December
- Deal big stock winners
- Update your family tax records
- Corral cash receipts
- Check your withholding totals
- Review your benefits
CNN’s top ten year end tax tips:
- Live energy efficient
- Do a tax projection
- Figure out your income and deductions
- Postpone that bonus
- Sock away some for retirement
- Pay off those deductible expenses before year’s end
- Give it to charity
- Give gifts to children
- Offset your capital gains
- Marriage helps
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