Gifts from the IRS

Act before the New Year to take advantage of the Roth IRA and other valuable tax breaks

In the spirit of holiday shopping, let's consider some 11th-hour tax planning. It won't help you score a Furby for your toddler, but the right financial moves before the end of 1998 will have far more impact on Junior's well-being. The same basic year-end tips tend to get rehashed ad nauseam. So I won't spend a lot of time encouraging you to defer income into next year and accelerate deductions into this year. Ditto for making certain that you use, not lose, any money still in a flexible-spending account at work and for making charitable donations in the form of appreciated...

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