End of Year Tax Planning
Updated: January 7, 2009
The calendar will soon flip over- so now`s the time to make those last-minute tax moves to reduce your tax burden.
As shared by Curt Anderson of First Busey Securities (Member NASD/SIPC) on "The Morning Show."
GIVE TO CHARITY
-Cash
-Credit Card
-Appreciated Securities
-Items such as automobiles
CLEAN YOUR INVESTMENT PORTFOLIO
-Dispose of worthless stock
-Offset capital gains
-Offset up to $3,000 in ordinary income
PREPAY DEDUCTIBLE EXPENSES
-taxes
-medical expenses
-business expenses
30 DECEMBER 2003
