We normally think of mutual funds as investment vehicles—which they are—but they can also offer valuable ways to save money on income taxes this spring and beyond.
There are steps you can take with mutual funds right now that can lower your tax liability either for the 2011 tax year or, failing that, for 2012. Yes, there are ways to save on taxes with mutual funds!
Some of these are time sensitive, so you’ll want to either make your moves now, or position yourself to be able to take advantage when tax time comes around next year. The important thing is to move on this — the windows close quickly.