It’s that dreaded time of year again – the end of tax season. This year, facing one of the worst financial crises in several decades, it’s more important than ever to make sure you don’t make a mistake on your taxes that could lead to penalties or audits – and while paying your dues and contributing your fair share to society is a civic duty, there’s nothing patriotic about over-paying on your taxes.
Time Magazine has compiled this great top ten list of tax-related tips for tough economic times:
- Contribute to Your IRA
- Fund Your Health-Savings Account
- Claim a Refundable Tax Credit for a New Home
- Collect a Stimulus Rebate
- Claim a Natural-Disaster Deduction
- Claim Property Tax Deductions
- Beware of Hidden Costs
- Claim a Job-Search Deduction
- Take Advantage of Tax Breaks on New Cars
- Put Old Tax Returns to Use
Check out the full article for more details.
Unfortunately, like all too many Americans, I find myself scrambling to get my taxes squared away just a few days before April 15th. If you’re like me, you know these are all great ideas as far as next year’s taxes are concerned… but right now we need relief from the last-minute headaches of trying to get everything in order before the deadline!
Here’s a great list of the top 10 last-minute tax tips to supplement those aspirins you just took.
Good luck, and get some rest! You deserve it. Happy Tax Freedom Day!
1 Response
Hi David, this is a really great top ten list. Excellent advice as the tax filing deadline approaches here. You can post this to our site http://www.toptentopten.com/ and then link back to your site. he coolest feature is you can let other people vote on the rankings of your list.
Posted on April 14th, 2009 at 1:30 am
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