By popular demand, here is a summary of the 2010 Tax cost savings that you should keep in mind when filing your taxes. If you go over this list and think you may be missing some of your tax breaks, it would be a good time to file an extension so that you can claim all your savings. If you are looking for more details about each of these tips you can find them under our money savings tips blog.
1) Don’t overpay property tax - house values are down, taxes should be down.
2) Know when to File your own taxes.
3) Make sure you get appropriate tax credits
4) Take advantage of healthcare and childcare spending accounts.
5) Check the number of deductions on your W4
6) Pay taxes on time or file deferral
7) Contribute to a 401K Plan
8) Deduct Business Expenses – Save your Receipts
9) Income < $57K, get FREE tax preparation
10) If you can not freefile then efile
11) Remember your many house deductions
12) Take the Earned Income Credit if You Only Worked a Little
13) Tax Credits for College
14) 2010 Haiti Donation Deduction
15) Don’t miss out On 2009 popular tax breaks.
16) Don’t forget to take your losses.
Remember, if you like these tips please feel free to pass them on. It helps me to grow my business. As a small business owner, our marketing is word of mouth and building trusted relationships with people.
If you have tips of your own that you’d like to share, please email me and I’ll share with appropriate attribution (I’ll give you credit). Trying to keep your money in your pocket? Remember to use a money clip.
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Crazy Bill Wilson Copyright 2010