You have until Dec. 31 to make 3 moves to lower your 2024 taxes
As the year ends, it's a smart time to consider moves that could reduce your tax bill, even if taxes are the last thing on your mind.
Three key strategies include boosting your 401(k) contributions to lower taxable income, harvesting investment losses to offset capital gains, and taking advantage of credits for energy-efficient home improvements or electric vehicle purchases.
While these steps can be helpful, experts emphasize making financial decisions based on your needs rather than chasing tax breaks alone.
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