5 Year-End Financial Moves to Trim Your Tax Bill

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The end of the year is an ideal time to make money moves that can help reduce your tax liability when tax season rolls around. There are a number of ways to do it, including maxing out your retirement savings, charitable donations, and tax-loss harvesting. However, there is a limited window of opportunity to make these moves: once the year ends, it will be too late.

This Kiplinger article outlines 5 key financial moves you should consider making before December 31 to lower your tax burden for 2021.

 

This communication is for informational purposes only. No content or reference to a third-party article is intended to be a recommendation for the sale or investment in any product, strategy or service nor should it be perceived as individual advice. This commentary does not necessarily reflect the opinions of all employees or XML Financial Group and its affiliates (“XML”).  XML is not responsible for any actions taken related to this information.

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