5 Tax-Saving Hacks Retirees Must Know Before the End of 2023
One of the biggest drags on retirement savings is taxes.
While you always have to pay your fair share of taxes, there are ways you can reduce your tax burden. That can help your retirement savings stretch a lot further, whether you're spending on yourself, gifting money to your children or grandchildren, or donating to your favorite nonprofits. So, knowing how to save on taxes is a big advantage for retirees.
With the end of the year right around the corner, now is a prime opportunity to make some last-minute tax moves. Here are five tax-saving hacks you can use to keep more money in your pocket come April next year.
Source Fool.com
