Last-minute tax deductions for the end of the year

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Last-minute tax deductions for the end of the year
If you thought tax planning was restricted to
around the tax deadline, you may want to review
those plans. The end of the year is just as
crucial. Experts providing tax planning services
work with you to make a financial plan that
contains tax liabilities. Here are a few
end-of-year tax tips that could save
money. Remember to use it-or-lose-it money in
flexible spending accounts. Plan to accelerate
or delay payments Sell certain
securities Calculate income and determine if a
tax benefit phaseout could affect the tax
return. Lower taxable income through the
charitable deduction