Wednesday, January 27, 2010

Still Time to Save on 2009 Taxes

Okay, it is well past the end of the year but here are a couple of ways you can still reduce that '09 tax bill.

  • If you itemize you can deduct contributions made in January and February 2010 to the Haiti relief efforts on your 2009 return if you like.
  • Deductible Traditional IRA contributions
  • Self Employed still have time to establish and fund a SEP (Simplified Employee Pension)

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