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Journalism Month

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* 5 Tax Saving m oves t o m ake before Decem ber 31st :*<br />

1) Make your donations now. Discuss required record keeping. Clean your<br />

closets and make some $!<br />

2) Max out your 401k for a federal and state deduction. You?ll like<br />

the bigger refund you get, for saving money so you can eat later in life!<br />

3) Don?t wait until the new year to start getting your books and records<br />

together if you are self-employed. You should be working on this all<br />

year. Trying to get a year?s worth of bookkeeping and organizing will make<br />

you very unhappy, and you will miss deductions when you are sloppy and<br />

rushing.<br />

4) Company doesn?t offer a 401k? You have until 4/15 to fund a<br />

traditional IRA and receive a tax deduction. Start saving now so you can<br />

put away $5500. What a great tax break!

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