Wednesday, December 01, 2004 Year-End Tax Tips [Motley Fool Take] December 1, 2004 Year-End Tax Tips [Motley Fool Take] December 1, 2004: "OUR TAKE

Year-End Tax Tips
The Motley Fool Take
Tax Strategies

By The Motley Fool Staff
December 1, 2004
As 2004 draws to a close, there are some tax considerations you may want to mull over. A little last-minute planning can save you hundreds of dollars -- or more. (And for much more tax guidance than you'll find in this humble article, click over to our Tax Center.)
First off, your donations -- this is the busiest fund-raising season for many charities, after all. Approach your giving with tax efficiency in mind. Contribute appreciated stock, not cash, to your favorite charities. If you've held the shares for more than a year, you'll avoid paying tax on the appreciation, and you'll still be able to deduct the full value of the stock. Call your favorite nonprofit, and the folks there will probably be able to help you with this. (And if you're looking for some new favorite nonprofits"

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