End of year moves to save money on your tax bill 

It’s the holiday season and the last thing on your mind is probably paying your taxes. But making a few simple and smart moves now will save you money on your tax bill in April, or get you a bigger refund.

1. Clean out your closet and your garage. Donate unwanted items to charity, get a receipt and include them in your charitable donations.
2. Fund your retirement. Putting money in your 401k or IRA by December 31^st is a win-win. You’re farther ahead when it comes time to retire and you’re not paying taxes on that money. If you’re in the 30% tax bracket and contribute $2,000, you just saved $600 on your tax bill.
3. Make some planned home improvements now. Upgrading windows, doors, roofing and other energy-saving measures can save you 10% of the cost off your taxes, up to a maximum of $500.

 Join me on Saving Thousands! with Robert Palmer  and find out more money saving moves you can make. 

A new report from the Federal Reserve is shedding some more light on the causes of the housing market crash. The report says real estate speculators played a bigger role than earlier thought in places like Florida, California and Arizona.

From 2000-2006, investors made up almost half of all mortgage-backed home purchases. In 2006, more than a third of all mortgages went to people who already owned at least one house.  One of the fastest-growing segment of homeowners at the time were people who owned three or more homes.

Ironically, it’s now investors who are helping hard-it communities turn around by purchasing foreclosed properties.

Tune in Sunday at 11 am on FM 96.5/AM 580 - WDBO and learn how to Save Thousands! Our new FM signal means people as far north as Palm Coast, as far south as Vero Beach and as far west as Dade City and Ocala are now tuning in and Saving Thousands!

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