Watch CBSN Live

Benefits: 4 Ways to Cut Taxes

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.