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November 2011

12 Smart Year-End Tax Moves

Year-end tax planning takes on new urgency this year.

Although current tax rates are scheduled to remain in effect through 2012, anything could happen as Congress and the White House grapple with ways to shrink the federal budget deficit.

"Take all the deductions you can this year because next year is up in the air," advises Philip Liberatore, a certified public accountant in La Mirada, Cal.

With a little investment of time now, year-end tax planning may reward you with a bigger refund next April, or even some cash right now.



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