Now is the time to get your personal finance house in order. A new year is a good occasion for tying up loose ends on your monetary check-list. Get off to a good start in 2011 by taking care of tax issues and reevaluating your monetary priorities. Things to put on your year-end monetary checklist Make a better year than 2010 was financially in next year by taking steps financially between Christmas and New Year’s Day. There are a few days left to address some critical tax issues for 2010. If you want a 2010 tax deduction, try Charitable donations. Until Dec. 31, it is still available. For another 2010 tax deduction, now is also a good time to dump depreciated stock. You can sell it and write off a loss up to $3,000. Consider converting an IRA to a Roth-IRA. You will pay tax on your Roth-IRA conversion, however if you do it by Dec. 31 you are able to spread the tax out until 2012. This is also your last chance to get your free and accurate 2010 credit history. Monetary promises for the New Year Find new methods to be thrifty. Start with credit card debt. It’s [...]
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