'Tis the season to try and lower your taxes. As the end of 2012 rolls around, it isn't too late to max out your contributions to either your 401(k), 403(b) or IRA accounts.
Most people know they have until tax day the following year to max out their IRA, but you also can take some of the tax burden off by maxing out your defined contribution retirement plan by Dec. 31.
This is a great way to lower your taxable income and avoid owing money to Uncle Sam come April.
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