Smart tax strategy used to mean deferring income. Defer income and you defer the tax bill on it. That gives you, in effect, an interest-free loan from the government.rnNow it's time to unlearn the deferral instinct, says Joel Dickson, an economist and investment strategist at Vanguard Group. Look at ways to accelerate your taxable income while postponing your tax deductions. Don't waste any time. You have six months left to make some big movesrnthat could save you tens of thousands of dollars.rnAccelerate? Pay early? That sounds nuts. But if your philosophy about how to handle the tax collector was formed a generation ago, it's no good anymore. In Ronald Reagan's heyday interest rates were fairly high and tax rates, for the most part, on the decline.
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