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.

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