Maximize Your Tax Benefits and Boost Your Refund with Year-End Financial Moves
TL;DR Summary
With just a month left in the year, experts suggest several tax strategies to reduce your tax bill or boost your refund. These include maximizing pretax 401(k) contributions, "bunching" donations to exceed the standard deduction, making the most of your tax bracket by considering income projections, and weighing strategies that can be implemented in the new year. Additionally, making pretax IRA contributions and contributing to a health savings account can offer further tax benefits.
Topics:business#charitable-donations#personal-finance#retirement-savings#tax-brackets#tax-deductions#tax-planning
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