Last-Minute Tax Savings Guide for 2023

April 15 is weeks away, so it's not too late to save your 2023 taxes.

hourglass next to stacks of coins
(Image credit: Getty Images)

For the most part, the IRS operates on a calendar-year basis. It’s too late, for example, to make deductible charitable contributions for 2023 — only donations made by December 31 qualify. But there are some exceptions that, along with reducing your 2023 tax bill, could improve your retirement security and lower your costs for health care.

Last-minute tax savings for IRA contributions

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Sandra Block
Senior Editor, Kiplinger's Personal Finance

Block joined Kiplinger in June 2012 from USA Today, where she was a reporter and personal finance columnist for more than 15 years. Prior to that, she worked for the Akron Beacon-Journal and Dow Jones Newswires. In 1993, she was a Knight-Bagehot fellow in economics and business journalism at the Columbia University Graduate School of Journalism. She has a BA in communications from Bethany College in Bethany, W.Va.