Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

10 Ways to Improve Your Finances Before Year-End

By Ben Steverman - 2011-12-12T16:43:49Z

Photograph by Joseph Rodriguez

Company Symbol % Change
5 of 12

Give to Charity

If you itemize your taxes, an end-of-year donation to charity may lower tax bills. Not sure which charity to choose? You can put cash or investments in a donor-advised fund which permits you to get the tax benefit this year. You can then direct which charity the funds should go to in the future. Under one tax break slated to end in 2011, people 70 and a half or older can donate up to $100,000 directly to a nonprofit from a traditional individual retirement account. That satisfies the annual distribution requirement while avoiding taxes on the IRA withdrawal.

Advertisement