2006 is ending, tax time is coming

Filed Under personal finance 

Yahoo’s top ten end of year tax tips:

  1. Check your retirement balances
  2. Use up your medical reimbursement plan
  3. Review your contributions to your company’s retirement plan
  4. Review your alternative minimum tax situation
  5. Don’t buy any mutual funds in December
  6. Deal big stock winners
  7. Update your family tax records
  8. Corral cash receipts
  9. Check your withholding totals
  10. Review your benefits

CNN’s top ten year end tax tips:

  1. Live energy efficient
  2. Do a tax projection
  3. Figure out your income and deductions
  4. Postpone that bonus
  5. Sock away some for retirement
  6. Pay off those deductible expenses before year’s end
  7. Give it to charity
  8. Give gifts to children
  9. Offset your capital gains
  10. Marriage helps
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