How One Hour Today Could Be Worth $1,000 Next Year

Money with Stacy Johnson
Aaron Freeman / Money Talks News

I am proud to be paying taxes in the United States. The only thing is I could be just as proud for half of the money.
– Arthur Godfrey

Can you really invest an hour today and find yourself $1,000 richer next year? Absolutely.

Take taxes, for instance. Much of what you can do to lower your tax bill has to be done before Dec. 31. There are exceptions: For example, you can fund an IRA up until the day you file your taxes. But when it comes to things like batching or prepaying deductible expenses and using up your Flexible Spending Account balance, once the year is over, so is your opportunity to lower your tax bill.

In this week’s “Money!” podcast, we’re going to talk about a few things you should do before the year is out that can make next year less taxing, as well as other end-of-year planning tips and organizational tricks.

As usual, my co-host will be financial journalist Miranda Marquit.

Sit back, relax and listen to this week’s “Money!” podcast!

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About me

I founded Money Talks News in 1991. I’m a CPA, and I have also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.