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Next, read about theyear-end tax moves the wealthy make.
Look Into Tax Credits
Be sure to take full advantage of every tax credit available to you.
This way, you dont leave any tax credits on the table.
This way, youll be able to keep more of the money earned from the gains.
Its crucial to sell off any losing assets by Dec. 31 to take advantage of tax-loss harvesting.
Withholding too little can mean youll be responsible for a big tax bill come next April.
Meanwhile, withholding too much can mean that you give Uncle Sam an interest-free loan all year.
Its a good idea to use theIRSs Tax Withholding Estimatorto determine the correct withholdings based on your income.
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