‘Tis the season for these 7 tax-saving strategies

first_imgBetween holiday parties, cookie-baking sessions and movie marathons, you should set aside some time in the next two weeks for tax planning. It may sound like something only a Scrooge would do, but financial experts say it’s a smart money move.“As of December 31, almost everything for tax year 2015 is set in stone,” says Don Chamberlin, president and CEO of The Chamberlin Group, a tax and wealth advisory firm in St. Louis.If you want to minimize the money you owe on April 15, here are seven strategies to put into action right now.1. Make last-minute charitable donations.Arguably the best-known last-minute strategy is to make charitable donations.“If you have that old car you never use, this is a good time to donate it,” says Cory Schmelzer, owner of San Diego Wealth Management.You can also hunt through closets and the garage to find other items to donate. Plus, the charities filling your mailbox with solicitations are undoubtedly hoping you’ll write a check or two. continue reading » 20SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

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