12 Money-Saving Year-End Tax Tips

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2011 Tax Guide“Tax time” isn’t just April 15 (or whatever day you prepare and mail your return). There are opportunities all year long to minimize the amount of money you fork over to Uncle Sam.

Although the end of 2011 is near, it’s not too late to make sure you don’t owe more than you need to. Here are some tax-smart moves to make before you head out to that New Year’s Eve party. Note that some of these tax saving strategies only apply if you can itemize your deductions and you’re not subject to the Alternative Minimum Tax. You should check with a tax pro to see which strategies will work, and work best, for you.

Longtime Motley Fool contributor Selena Maranjian holds no position in any company mentioned. Click here to see her holdings and a short bio.

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Tagged: capital gains tax, CapitalGainsTax, charity, deferred compensation, DeferredCompensation, dependents, Finance, Health Savings Accounts, HealthSavingsAccounts, Roth IRA, Stocks to Sell, StocksToSell,

Article source: http://www.dailyfinance.com/2011/12/21/12-money-saving-year-end-tax-tips/

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