Minimize your tax hike
High-income earners are facing increased tax rates this year. One of the best ways they can soften the blow is to take full advantage of retirement savings opportunities through contributions to 401(k) or IRA accounts.
Other tax shelters are likely to be nothing more than a fancy way to throw money away.
There are legitimate ways to avoid taxes on capital gains. You don't pay tax on a gain on property you donate to charity. And a gain on property held at death escapes income taxes.
-- Kaye Thomas, tax lawyer and founder of the investor tax guide Fairmark.com
A bigger bite
Average 2013 federal tax increase:
Annual income: $75,000 to $200,000 Tax increase: $1,558
Annual income: $200,000 to $500,000 Tax increase: $2,796
Top experts and Money readers share their smartest tips for helping you build your nest egg and land a dream job.