Now is the time to start planning if you really want to cut your taxes for next year. Sometimes you don't even realize how much you could be saving on your taxes. Make sure you're not missing out on these often overlooked deductions. Before you file your taxes this year, make sure they fall in line with the national averages of people in your income group. If your deductions look way off, you may be targeted for an audit.
Mutual funds can be a great investment, but they can also be a tax headache.
There are four options for how to report to gains. Find out which one is best for you. Electrify your taxes Filing your taxes electronically reduces the number of errors on your return, ensures that the IRS received your return, and gets you your refund twice as fast as normal filing. Giving to charity is wonderful, but getting the tax benefit makes it all the sweeter. Make sure you get the all the benefits of giving to charity by knowing the rules of giving.