4 Smart Year-End Tax Tips

Making smart money moves now can help you in the future. Dreamstime/TCA

By Sandra Block From Kiplinger’s Personal Finance

Taking the following steps before the end of the year—and knowing what moves not to make—can help improve your tax situation for 2024 and beyond.

1. Don’t Buy a Tax Liability

Thanks to the stock market’s strong performance, you may be tempted to buy additional mutual fund shares. But before you do, make sure you don’t accidentally increase your 2024 tax bill.