There are several steps you can take now to save money come April. By Mary Beth Franklin, Senior Editor December 19, 2006 From December 5 through December 18 Kiplinger's Mary Beth Franklin counted down the top ten moves to make before year end to lower your 2006 tax bill. If you happend to miss one, here they are all. The advice in the tips below is bound to help you save money at tax time. 1. Don't Buy a Tax Bill If you're thinking of purchasing mutual funds between now and the end of the year, think twice -- you might end up owing Uncle Sam. 2. Beware the AMT Should you accelerate deductions to cut taxes? It depends -- you could end up with a bigger tax bill. 3. Donate Appreciated Assets Giving stocks or mutual fund shares instead of cash to charity will let you score a deduction and avoid a capital gains tax bill. 4. Winning With Losers Look on the bright side: Selling a losing asset at this time of year can be a great way to rebalance your portfolio and save on taxes. 5. Understanding the Gift Tax If you don't use your $12,000 annual exclusion by December 31, you lose it. 6. Why Your Kids Need a Roth IRA Looking for the perfect gift for your children? Open a Roth for them, and start them on the road to retirement security. 7. Lower Your Taxes by Thinking Green Outfitting your home with new storm doors and windows or buying a gas-efficient hybrid car can help you score tax credits. 8. Max Out Your Retirement Savings For most people, the best way to cut your tax bill today is to maximize your retirement savings for tomorrow. 9. Time for an IRA Distribution? The law requires you to begin taking money out of traditional IRAs or face a penalty. But a new temporary provision allows you to direct your IRA distributions to a charity tax-free. 10. Trim Taxes with Flex Accounts If you typically under-fund your flexible spending account -- or skip participating altogether because of concerns about the use-it-or-lose-it rule -- fear no more.