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15 smart tax moves to make before 2021

Mediafeed Logo By Miranda Marquit of Mediafeed | Slide 1 of 17: It’s been a crazy year so far, with a lot of changes in personal finances, retirement planning, tax planning as well as business finances. As we move toward the end of the year, it’s a good time to start understanding what you need to do to maximize tax efficiency in these unprecedented times.Tax efficiency is all about figuring out how to minimize your legal tax liability. It’s about making decisions that can help you reduce your tax bill, whether that means making the right money moves during market volatility, picking from the best tax software, or just tweaking the way you spend on business costs.Let’s take a look at some of the things you can do right now to ensure you’re on track for a tax-efficient finish to 2020. Related: 7 money moves to make if you have more than $50,000 in your 401(k)

This year has been a rollercoaster

It’s been a crazy year so far, with a lot of changes in personal finances, retirement planning, tax planning as well as business finances. As we move toward the end of the year, it’s a good time to start understanding what you need to do to maximize tax efficiency in these unprecedented times.

Tax efficiency is all about figuring out how to minimize your legal tax liability. It’s about making decisions that can help you reduce your tax bill, whether that means making the right money moves during market volatility, picking from the best tax software, or just tweaking the way you spend on business costs.

Let’s take a look at some of the things you can do right now to ensure you’re on track for a tax-efficient finish to 2020.

Related: 7 money moves to make if you have more than $50,000 in your 401(k)

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