How to reduce your income taxes with Barry Armstrong

(NECN) – For Good Morning Lives Money Monday segment, we’re talking taxes. How to reduce your income taxes between now and the end of the year. Joining us now with 10 tips is Barry Armstrong host of Money Matters on WBIX and financial advisor for Securities America. 1-Increase your 401k contributions 2-Make the most of your flexible spending account 3-Buy a house 4-Buy a car 5-Sell your losing investments 6-Maximize your tax credits and deductions 7-Pay college tuition bills 8-Give money to charity 9-Max out your tax breaks for the self employed 10-Keep track of your medical expenses