8 smart year-end tax moves
1. Max out 401(k) …
… or other workplace-based retirement plans by boosting contributions from the final paycheck of the year or allocating part of a year-end bonus to a retirement plan. Workers can contribute up to $17,000 for 2012, and those age 50 and older can kick in an extra $5,500 for a total contribution of $22,500. December 31 is also the deadline for self-employeds to establish a solo 401(k).
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