10 Tax Savings in April

Week of March 16, 2009

Whether you are having a good year, rebounding from recent losses, or still struggling to get off the ground, you may be able to save a bundle on your taxes if you make the right moves before the end of the year. The following tips can get you cash this April.

Defer income
Exploit last-minute deductions
Beware of the Alternative Minimum Tax
Sell loser stocks to offset gains
Do a bond swap
Don't buy a tax bill
Contribute the maximum to retirement accounts
Avoid the kiddie tax
Check IRA distributions
Watch your flexible spending accounts

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