But with just 4 weeks left ofthere are a few things you can still do to save.

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Many of us have heard this advice before, but it bears repeating. Charitable donations are an easy way to get a tax deduction, and the most obvious way to make a donation is to write a check. However, there are a handful of other ways you can give back. Your tax bracket depends on your income.

So if your income could bump you into a higher tax bracket, consider reducing your income before the end of the year. H ere are some ways to do it: Maximize your retirement contributions.

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One easy way to do this is to boost contributions to your retirement account. You can make IRA contributions until April 17,but why procrastinate? Instead of using your bonus to pay taxes, it could be strategic to ask your employer to hold off on giving you a bonus until January. If you know your income will be lower init might be a good idea to accelerate some of your deductions as a way of reducing your tax liability this year. To put it simply, you will pay less in taxes if you have more is the dow jones open on christmas eve. If you own your home, Greene-Lewis suggests making an extra mortgage payment at the end of the year so you get an additional tax deduction for the interest paid.

Added bonus of reducing income. Another benefit of lowering your taxable income is that it could help you get a healthcare credit.

Some people who buy insurance through the HealthCare. If you lower your income, that premium tax credit will increase.

A Flexible Spending Account FSA is set up to pay for out-of-pocket healthcare expenses, and is funded with pre-tax money. The list of eligible expenses covered by FSA money is pretty extensive — it includes dental visits, teeth cleaning, eye exams, contact lenses, glasses, acupuncture treatments, flu shots, fertility treatments, physical therapy, pregnancy tests, aspirin and more.

Other qualifying improvements include solar panels for generating electricity, solar-powered metabank work from home heaters, wind turbines that generate up to kilowatts of electricity, geothermal heat pumps and fuel cells that rely on a renewable resource to generate power for a home.

If you take a course to advance your career or build your business, it can be used as a tax deduction. Brittany is a writer at Yahoo Finance.

Forget Airbnb, try these other popular vacation rentals. Layaway and more ways to stay out of debt this Christmas. Now there is layaway for airline tickets. Keep following the money. Markets close in 1 hr 16 mins. Today's Charts Nike gains on Amazon talk; Citi downgrades Target; Oracle earnings on tap.

Yahoo Finance December 1, Make charitable contributions Many of us have heard this advice before, but it bears repeating. Reduce your income Your tax bracket depends on your income.

Maximize your retirement contributions One easy way to do this is to boost contributions to your retirement account. A little strategizing can pay off come tax time. Use money in your FSA A Flexible Spending Account FSA is set up to pay for out-of-pocket healthcare expenses, and is funded with pre-tax money.

Spend the money in your FSA by ordering a new pair of glasses.

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