Financial Literacy for Everyone
Follow Us
For Broadcasters

Learn how you can play our weekly Practical Money Matters on your station. Learn more

Play NFL

Challenge yourself with Financial Football
Play our fun video game to test your knowledge about money.
Play now

PMM articles

Practical Money Matters
Disputing a credit card charge? Graduating? Leasing a car? Learn important tips from our weekly article series.
Read now

social media

Connect with us!
For daily money tips, quips and pics, follow us on social media.
Like us on Facebook
Follow us on Twitter

Practical Money Matters Radio Series

November 14, 2011
Cut Your Taxes

download share

Find out how taking certain actions now–like maxing out your 401(k) contributions–can save you big on your income taxes next year.


Before the year comes to an end, there are several things you can do that might save you hundreds–or thousands–on your income taxes.

For example, max out your 401(k) contributions to reduce your tax bill. And remember, people with an IRA have until next April 15 to make tax-deductible contributions for this year.

Another tip: If you have health care or dependent care flexible spending accounts, use up the remaining balances. And finally, be sure to pay for any deductions you might want to claim by December 31st. These might include charitable donations, mortgage interest, property tax and medical, business or other expenses.

Bottom line: Make sure you're maximizing any tax advantages available to you before year's end.

Related Articles

Email to a friend

Your Name:
Your Email:
Recipient's Email:
Enter code:

The information that you provide through this e-mail feature will not be stored by Visa for any other purposes. Please refer to Visa's privacy policy for details.