Year-end tax tips you need to know

With tax day less than a week away, MoneyWatch editors Jill Schlesinger and Jack Otter are joined by CPA Fred L. Slater. The team talks about what you need to know before filing your taxes and they share last-minute tax tips.

(CBS News) It's almost the end of the year. That means it's time to get ready for tax season.

2012 year-end tax tips: 4 credits due to expire

But the "fiscal cliff" is adding a new wrinkle this year. From the tax credits that are set to expire to charitable deductions you should take, CBS News business and economics correspondent Rebecca Jarvis shared what you need to know before the year ends.

Watch her full "CTM" appearance with all of those tips and more in the video above.