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Published: Thu, 24 Sep 2009
Description: Fall has arrived, and with the dropping temperatures and turning of the leaves comes the opportunity for you to help cut your taxes in the final quarter of the year. Barry Armstrong, financial planner with Securities America Advisors and host of Money Matters on 830 WCRN, has more.
Full Article: http://www.myfoxboston.com/dpp/morning/manage_your_money_tips_on_cutting_taxes_092409
Automatically Generated Transcript (may not be 100% accurate)
" Has arrived with a dropping temperature and turning to leave -- the opportunity for you do to cut taxes -- the -- of the year. -- financial -- securities America by the -- thirty W aren't very aren't strawberries always great -- in content from the people's radar screen at this point but the tactical."
" We'll release is a limited amount of things you. You can do next year if you wondering do you attack need to do it between now and 31 now if you follow that were about about how much money -- we talking -- You -- they are often good 34 -- dollars a year in federal income tax. You know first and obvious method of saving tax increase the amount of money. Contributing to your four when you figure if you do an extra 5000 dollars between now and -- and they only cost you three out 500. The government in the other 1500 dollars -- For tip -- at 41 car to talk about flexible and Woodward at the moment they a lot of Stanley our income and -- They're paying for day care. The spending and put about by the dollar year pretax money. And in opinion that predate her health care or things like that. So again on 5000 dollar -- At 1500 to two dollar and contact. And act and act like -- there -- I. Mean you don't -- and and people and how many people work for big company. It don't take it to. By -- you are in the market about how best to your first time homebuyers get on you really do -- dollar credit that dollar comes back. And if you're buying a home for three at Dow dogs that can effectively that majority -- down -- out -- and by how. Have to do this I and number 32. Have been taught me and don't count on I hear that rumor going to tell people don't count on I don't think. Why are -- I look at that they'll want -- everybody has by car. Well with the federal government did they pass a law and the sale of with the purchase a car. It to forty ninth -- dollar is going to be deductible but I can be and other. You know -- dollar and attacked that a buyer and a few again arc. Out violent now on the -- as the recent the knowing aren't you losing investments. You know how to stop -- enough is enough. More importantly if you lost a lot of money in your tainted attack induction in and you can buy back into the market and hot day after buy something back. Markedly different from old. In -- in the market because you don't want out of the market. And I'd like to take advantage of the -- I can't say how many on net that -- it. We you -- in order to get the tax. Quickly through the last have a Mac tax credit and -- You're paying college to your title deduction for that if you're putting in new -- take advantage of the deduction that new furnace and water -- all tax credit tax deduct only limit their pay college -- a lot of credit available for people -- college. They're called different three different programs you can take advantage of know which ones are eligible work and take advantage and in the court heard her way to give money to charity to yet. -- did nothing we all be doing you know after Thanksgiving and -- my client. You know take a look at your charitable endeavors and let's get the money out before the end of -- year -- Mac -- tax. You need to know what you might be eligible for talking about flooding in new window. That. Odd maybe putting in order. And -- things of that nature there's a lot of attacks for. Credit programs are available to. And you need to know what they are. And to -- to work on the European and you keep track of your medical expenses what fortunate that might. Well a hundred per cent of your medical and our tax deductible. But they have to -- and a half -- your income. So if you've had your mother when entrepreneur and homer and expect your pain bill for the nursing home that could be a big bill back to be ten or eleven -- dollar monthly. -- Tax deductible even though it's not for you for your mom you can claims are independent and give you a federally. Monitored to emerge is not going to be at the note probably know is that. -- It's always that take a look at spare time to do that is very appreciate it. -- greeted by -- crucial."
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