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Here we are, December 1st, 2015 and we have one month to find last-minute tax deductions. If you're not already thinking of ways to save on your taxes, you better get going.
If you're self employed and don't have employees (including sole proprietorship with earned income, S corporation , and LLCs taxed as S corporation or sole proprietorship), you still have time to create a Solo 401K. As long as you create it by the end of the year, you have options to fund it even into next year. There's lots of rules involved and it goes beyond the scope of this piece, but it's one of the best ways to park money into retirement account if you qualify.