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4 Year-End Tax-Saving Strategies For 2022

4 Year-End Tax-Saving Strategies For 2022 Although the end of the year can be a hectic time, it’s also the deadline for your family to implement a number of key tax-savings strategies. By taking action now, you can significantly reduce your tax bill due in April, but with just a few weeks left in 2022, you better act fast. While there are dozens of potential tax breaks you may qualify for, here are 4 of the leading moves you can make to save big on your 2022 tax return. However, there may be other opportunities for saving, so meet with us, your Personal Family Lawyer® to make certain you haven’t missed a single one. 01 - Maximize retirement account contributions By maximizing your contributions to tax-deferred retirement accounts, such as IRAs and 401(k)s, you can not only save for retirement, but also reduce your taxable income for 2022. In 2022, you can contribute up to $6,000 to an IRA and up to $20,500 to a 401(k) if you're under 50, and up to $7,000 to an IRA and $27,000 to a

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