Investopedia has a great short article on 7 tax savings tips for 2011. While I typically spend my time on this site discussing how to increase your income by buying good stocks and understanding how to invest your money, paying attention to your tax bill is very important.

I won’t recreate their entire list but instead will give you the highlights here and you can jump over to Investopedia if you are interested.

  1. Convert a regular IRA to a Roth IRA this year.
  2. Higher Standard Deductions
  3. No limit on Itemized or Standard Deductions
  4. Larger Earned Income Credit
  5. Bigger Credit for College Expenses
  6. Tax-Free Employer-Paid Parking and Transit Costs
  7. Health Insurance Deduction for the Self-Employed

Company name Cisco Systems, Inc.
Stock ticker CSCO
Live stock price [stckqut]CSCO[/stckqut]
P/E compared to competitors Good
MANAGEMENT EXECUTION
Employee productivity Good
Sales growth Fair
EPS growth Good
P/E growth Poor
EBIT growth Poor
ANALYSIS
Confident Investor Rating Fair
Target stock price (TWCA growth scenario) $17.23
Target stock price (averages with growth) $20.41
Target stock price (averages with no growth) $17.69
Target stock price (manual assumptions) $22.61

Confident Investor comments: Cisco is a relatively recent addition to the Dow 30 and it doesn’t suffer from the lack of performance that claims many other Dow 30 companies. At this time, I think that a Confident Investor can cautiously invest in this stock as long as the price is correct. Most of the fundamentals of this company are good but there are some concerns.