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However, if you or your spouse are covered by an employer plan, like a 401(k) or 403(b), you might not be eligible to deduct your contributions if you make too much money.For the 2021 tax year ...

The following describes six tax moves you should make right now. 1. Maximize Your 401 (k) Contribution. Upping your 401 (k) contribution might be a challenge in a year of soaring inflation, but it ...

In the lean years, year-end planning stresses pushing as many deductible expenses as possible into the following year when they'll have more value. 3. Beware of the Alternative Minimum Tax

The tax year for a business is governed by the fiscal year it chooses. A business may choose any consistent fiscal year that it wants; however, for seasonal businesses such as farming and retail, a good account practice is to end the fiscal year shortly after the highest revenue time of year.