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Benefits: 4 Ways to Cut Taxes

Updated on: November 12, 2010 / 8:29 AM EST / MoneyWatch

If you're lucky enough to have a job with benefits, it's that time of year- open enrollment! I know it's awful going through the process, but what if your reward were saving boatloads of money on your taxes? I discussed how to use Uncle Sam as your savings partner with CBS3 this morning.

One extra note: since an increasing number of income tax breaks are "income-tested," if you reduce your taxable income, you might just qualify for some of the income-tested breaks that you might otherwise earn too much to get.

Jill Schlesinger

Jill Schlesinger, CFP® is the Emmy-nominated business analyst for CBS News. She covers the economy, markets, investing and anything else with a dollar sign on TV, radio (including her nationally syndicated radio show), the web and her blog, "Jill on Money." Prior to her second career at CBS, Jill spent 14 years as the co-owner and chief investment officer for an independent investment advisory firm. She began her career as a self-employed options trader on the Commodities Exchange of New York, following her graduation from Brown University.

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