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It’s summer, the best time of the year to think about your taxes. Really.
A lot of people wait until December to start thinking about their tax bills. True, you can and should make some year-end moves by Dec. 31. Bankrate will be back with recommendations at that time.
But now, halfway through the tax year, is even better for tax planning.
You have a good idea of what your earnings will be. And there’s still plenty of time to take steps that could cut the taxes you’ll owe on that money.
So put down your putter or tennis racket. Step away from the pool. Take a quick break to check out these 10 midyear tax moves.
Then you can get back to your leisure pursuits and really enjoy them, knowing you’re in better tax shape.