6 Tax-Saving Strategies

These 6 tax savings tips will allow you to help to save tax at the year-end.

1. Contribute to a tax-advantaged retirement plan or health savings account.

2. If you’ve reached age 70½, remember to take required minimum distributions.

3. Donate to charity.

4. Take advantage of a qualified charitable distribution.

5. Reduce capital gains with tax-loss harvesting.

6. Review your deductions to maximize tax savings (Itemizing deductions, medical and miscellaneous deductible expenses, etc )

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