5 Tax Moves to Make This December
With the holidays kicking into full gear, you may not exactly have taxes on the brain. But actually, now's the perfect time to focus on taxes, because if you wait too long, you'll miss your chance to lower your IRS bill for the year. Here are a few critical tax moves to make before 2017 comes to a close.
It's estimated that only 15% of 401(k) participants manage to contribute the maximum, and understandably so. The current annual contribution limits are $18,000 for workers under age 50 and $24,000 for those 50 and over. And most of us can't afford to part with that much cash.
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Source: Fool.com
