Taxes: How to stash the cash

December 9, 2010

Some year-end moves make sense regardless of where Washington goes with its on again-off again tax deal. The best of the crop are those arrangements that let you put away money for yourself and your family and get a tax break for doing so. That includes traditional IRAs, Roth IRAs (the break comes later, but it’s worth the wait), health savings accounts and college savings programs.

You typically have until April 15, 2010 to make your 2010 contributions, so even if you can’t come up with all of the money by the end of this year, put it in your budget for the first quarter of next year. Here’s a quick chart of the best accounts, and how much you can shelter for 2010.

2010 Taxes: How much can you shelter. REUTERS/Graphic
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