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Kiplinger: Smart Year-End Tax Moves for 2012

1. Feed Your 401(k)

A good place to start is with your 401(k) or similar employer-based retirement plan. Money you contribute to your plan (if it's not a Roth) is excluded from your income, lowering your tax bill.

If you're not yet on track to max out your contributions by year-end, you can direct some extra dollars to your retirement plan during your last few pay periods -- or, if you get a year-end bonus, use it to fatten your savings.

This year, workers can contribute up to $17,000 to employer-based plans. Workers 50 and older can contribute up to $22,500.

(iStock)

More From Kiplinger:
The Most Overlooked Tax Deductions
Delayed Refunds in 2013? Adjust Your Withholding NOW!
QUIZ: Is It Deductible?



The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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