Year End Strategies to Trim Your Taxes

LUCKIEST — Wed, 03 Dec 2008 12:51:22 GMT

It is December and still time to make last minute tax saving moves.
Capital Gains. Sell stocks NOW that you have been thinking of getting rid of anyway's. These losses can be valuable for tax savings.

In most cases, it pays to accelerate deductions, like charitable donations and state and local tax payments.
If you claim the standard deduction for 2008, you can take an additional amount to reflect real estate taxes.

Congress has also extended the life of several popular breaks that have expired.
CCH estimates there have been more than 500 changes to the Internal Revenue Code this year.

Please post more, Thanks, LUCKIEST

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Year End Strategies to Trim Your Taxes