Internal Revenue Service

How to lower your tax bill before year's end

How to lower your tax bill before year's end

December isn’t traditionally seen as tax time. But during the last days of the year, you can take steps to lower your bill when you file your returns. Here are six moves to consider.

1. Be generous

Add tax-smart gifts to your holiday shopping list. You can claim charitable donations as tax deductions for 2016 as long as you make them by Dec. 31 and itemize your taxes. Donations of money, clothing or household...

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