10 Tax Moves To Make Before Summer Begins

Shutterstock As the warmer weather finally makes an appearance, many of us are dreaming about summer: lazy days spent by the pool, at the shore or just sprawling in the grass (although, honestly, those of us with kids know that this never actually happens). With a more relaxed schedule, summer can be a great time to catch up on your to-do list, including tax moves to save before year-end. Here are 10 tax moves to make now: 1. Take a good look at retirement accounts. If the thought of lounging around this summer has you thinking about early retirement, now is the time to do a check on your retirement savings. Contributions to a traditional IRA are immediately tax-deductible, while contributions to a Roth IRA are tax-favored at retirement. Additionally, the more money that you can sock away into your 401(k) or other retirement savings plan, the better, since most contributions are made with pre-tax money. That goes for self-employed persons, too: SEP IRAs and solo 401(k)…

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