Year-end strategies to save on taxes
One way to lower your tax bill in April is to donate appreciated securities, like stocks, bonds or mutual funds, to a charity. Credit: iStock
Before you shut down for the holidays, remember that just a few hours spent reviewing your financial life may help boost your bottom line -- and put a dent in your holiday shopping bills! Here are six ideas to consider for your investment accounts before we ring in the new year.
One note: For 2013, the overall limit on itemized deductions was reinstated for certain taxpayers. The limitation (known as Pease limit) is applied to single filers who earn more than $250,000 and joint filers who earn more than $300,000. Be sure to factor in the change when accounting for the value of the donation.
Next week, I will have more year-end tips to help you save or make money.
