5 Year-End Moves to Help Retirees Trim Their Tax Bill

The end of the year is a great time to start thinking about next year's tax bill. Here are some strategies on how to reduce what you will owe Uncle Sam.

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Just because you already filed your tax return doesn't mean you're done with taxes for the year. Smart taxpayers think about how to reduce their tax bill all year long. The end of the year is a particularly good time to cut next year's tax bill to the bone. Here are a few moves retirees and people nearing retirement should consider before 2022 arrives.

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Rocky Mengle

Rocky Mengle was a Senior Tax Editor for Kiplinger from October 2018 to January 2023 with more than 20 years of experience covering federal and state tax developments. Before coming to Kiplinger, Rocky worked for Wolters Kluwer Tax & Accounting, and Kleinrock Publishing, where he provided breaking news and guidance for CPAs, tax attorneys, and other tax professionals. He has also been quoted as an expert by USA Today, Forbes, U.S. News & World Report, Reuters, Accounting Today, and other media outlets. Rocky holds a law degree from the University of Connecticut and a B.A. in History from Salisbury University.